SEC Deems BTC ETF Applications Inadequate, CME Applies to Launch ETHBTC Futures

Market Update BTC is flat since yesterday at $30.5k as investors were whipsawed from initial gains to a sharp headline-driven sell-off, which has now been retraced. According to CryptoSlate’s data, BTC suddenly crashed by 3.53% on the 1-hour candle to $29,946. This sudden collapse coincided with a Wall Street Journal article that reported shortcomings in the spot Bitcoin ETF applications recently filed by BlackRock and Fidelity. $ETH is up 4.9% today, reversing its relative downtrend vs. $BTC

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