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📢 Updates on the Bitcoin Spot ETF Review Process! 🧐
Unfolded, a cryptocurrency market insight platform, has provided valuable information on the ongoing review of Bitcoin spot ETFs. The U.S. Securities and Exchange Commission (SEC) is in the process of completing its 240-day review period for Ark Invest and 21 Shares_ Bitcoin spot ETFs. The SEC has made it clear that it is not rushing to make a decision.
Blockworks, a cryptocurrency-focused media outlet, highlighted the SEC_s cautious approach in this matter.
🗓️ Additionally, Bloomberg ETF analyst James Seyffart anticipates that the results of the review for Bitcoin spot ETFs applied by seven companies, including BlackRock, Fidelity, Invesco, Bitwise, Van Eck, WisdomTree, and Valkyrie, will be announced in October, likely between the 16th and 19th. He also suggested that the review deadline might be extended for other Bitcoin spot ETFs.
These developments underscore the significance of regulatory decisions in shaping the future of cryptocurrency investment products.
📊🚀🌐 Judge Says Government’s FTT Market Manipulation Evidence Is Admissible
Kaplan also said that the alleged tampering with the cryptocurrency tokens, which supposedly altered Alameda Research’s financial records, was a direct action taken as part of the claimed secret plan or conspiracy. Thus, Kaplan believes the claimed tampering is directly linked to the main accusation in the case.
Additionally, the claim that the defendant instructed the former CEO of Alameda Research, Caroline Ellison, to change the price of FTT shows that they had a close and trusting relationship. Kaplan stressed the importance of this information in proving the case is greater than any potential bias it might cause, so he’s allowed it as evidence in the trial.
Kaplan wrote the ruling after reams of pretrial motions from prosecutors and defense lawyers aiming to tilt the playing field in their favor. Furthermore, Bankman-Fried’s lawyers have attempted to get him released before the trial for the third time in a row.
Jury selection is set for October 3, 2023, with opening statements likely in late October.
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