BTC Skyrockets to $30K on Reports About Approved Spot Bitcoin ETF by the SEC

A few reports emerged on Monday claiming that the US Securities and Exchange Commission has finally greenlighted a spot Bitcoin ETF.

Although the SEC has approved several futures-based BTC ETFs, the securities watchdog has delayed and rejected every spot ETF application for about a decade now. Nevertheless, the SEC delayed making a final decision on BlackRock’s application, as well as several others that quickly followed the wealth management behemoth.As a result, bitcoin shot up to its highest price tag in over two months of just under $30,000. However, BTC has already retraced by around $1,500, as the news is yet to be confirmed.

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