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Crypto stocks suffer after spot bitcoin ETF approvals

Many cryptocurrency stocks fell following approval of the new spot-based bitcoin ETFs in the US, including MicroStrategy and Coinbase.

SEC commissioner Crenshaw still skeptical of approved bitcoin ETFs

In her criticism of the approved Bitcoin ETFs, Crenshaw focused on fraudulent information, wash trading, and reasoning by ETF sponsors.

The SEC claimed the fake bitcoin ETF post was not drafted or created by the agency and that a joint investigation with the FBI is underway.

Commissioner Hester Peirce critiqued the SEC’s “begrudging” approval of 11 spot bitcoin ETFs, which provided plenty of fodder for memes.

Is the SEC faking a hack to delay a spot bitcoin ETF decision? Crypto sleuths investigate a curiously well-timed spoof.