Tuesday News Digest ⚡️

The SEC are likely to approve a spot Bitcoin ETF 🚀

👉 Bernstein highlights that the SEC has previously granted approval for bitcoin ETFs based on futures, and more recently authorized leveraged futures ETFs.

👉 This decision was based on the understanding that futures pricing is derived from regulated exchanges such as the CME.

👉 Analysts led by Gautam Chhugani indicate that the SEC holds the view that a bitcoin ETF based on spot prices would lack reliability.

👉 The SEC's reasoning stems from the fact that spot exchanges like Coinbase are not subject to its regulatory oversight.

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