š„š±Companies await approval for Bitcoin ETF despite SEC X account hack
While the US Securities and Exchange Commission (SEC) is preparing to make another of its historic decisions today, the companies' battles over transaction fees are continuing. While BlackRock et al. are taking a discount on the transaction fee rates on Bitcoin ETF products, it was stated that the companies are continuing to wait for approval from the SEC today despite yesterday's hacking incident.
Today is coming to the fore as one of the historic days for the cryptocurrency world and Bitcoin. The SEC, which is the CMB of the United States, is expected to approve Bitcoin spot ETFs today.
There is no change in the expectations of companies
According to the news agency Reuters, asset manager companies are waiting for the SEC to approve their applications despite the overnight hacking incident and believe that this incident will not undermine the process.
Josh Gilbert, a market analyst at the eToro exchange, told Reuters that the incident at night had increased the volatility in the Bitcoin price, but that all the signs were that the SEC would approve.
The transaction fee wars continue
The tight struggle of the companies among themselves for Bitcoin ETF products continues as Dec. On Monday, ARK Invest lowered the transaction fee rate, which it set at 0.25%, to 0.21% today and managed to stay at the lowest level again. BlackRock was also one of the companies that made a last-minute change. The company has increased the rate from 0.30% to 0.25%.
After the fake confirmation tweet from the SEC's X account, Bitcoin reached the 48 thousand dollar limit last night, but then, when it turned out that the tweet was not true, the price went down to 45,500.
