This latest development doesn’t come as a surprise as the SEC has made it clear on numerous occasions that it fancies approving a spot Bitcoin ETF at the moment.
While the US continues to reject Bitcoin ETF proposals, Canada is already leading the way in the market as it has approved a few Bitcoin and Ether ETFs.
At press time, BTF is down by 1.34% and is trading at $25.32 per share, while BITO is trading at $45.15, down by 1.23% over the past few hours.