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So, the US 🇺🇸 #SEC has bought itself another 45 days to rule on Spot BitcoinETF proposals by #BlackRock, Fidelity, VanEck and #Bitwise.
But realistically, the chances of an approval in 45 days time remain slim to none.
Why would they grant it now with interest rates peaking?
How much money would flow out of the traditional markets into the crypto sector, potentially sinking many traditional stocks?
And more importantly certain Government employees need to prep themselves for insider trading.