Bitcoin breaks 30 day high passing $28k as SEC considers future of spot Bitcoin ETFs

Bitcoin’s worth reached notable heights implicit the weekend, expanding 4% implicit the past 24 hours. It roseate importantly to $28,200 connected Oct. 2, marking its highest trading worth since August, according to CryptoSlate data. This maturation comes amidst persistent anticipation surrounding the aboriginal of spot Bitcoin exchange-traded funds (ETFs).

Chart showing the terms of Bitcoin implicit the play of Oct. 1.

The U.S. Securities and Exchange Commission (SEC) precocious submitted filings concerning these pending spot Bitcoin ETFs.

The SEC has clarified that the proceedings bash not bespeak immoderate conclusions person been reached. The regulator is presently inviting nationalist comments connected assorted aspects of the projected spot Bitcoin ETFs, including their imaginable vulnerability oregon resilience to fraud and manipulation.

These proceedings volition apt dramatically interaction the trading of spot Bitcoin ETFs connected commodities exchanges. If the SEC approves the projected regularisation changes, caller trading opportunities for Bitcoin whitethorn emerge.

As the crypto satellite awaits the SEC’s decision, Bitcoin’s worth continues to climb. The aboriginal of spot Bitcoin ETFs whitethorn person far-reaching implications for Bitcoin’s trading worth and the broader cryptocurrency market.

The station Bitcoin breaks 30 time precocious passing $28k arsenic SEC considers aboriginal of spot Bitcoin ETFs appeared archetypal connected CryptoSlate.