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SEC Chair Gary Gensler Was the Deciding Vote Approving Spot Bitcoin ETFs The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, cast the deciding vote approving 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. Before the approvals, the securities regulator held a vote on spot bitcoin ETFs, with two commissioners favoring and two opposing. Gensler’s vote tipped the scales in favor of approval. Gensler’s Vote Tips the Scales in Favor of Spot Bitcoin ETF Approvals Before approving spot bitcoin exchange-traded funds (ETFs) on Wednesday, the U.S. Securities and Exchange Commission (SEC) held final votes on the rule changes proposed by NYSE Arca, Nasdaq, and Cboe BZX to list and trade the funds. Two SEC commissioners, Hester Peirce and Mark Uyeda, voted for approval, while Caroline Crenshaw and Jaime Lizárraga opposed it. The vote split at 2-2, .

$ETH Ethereum is currently trading at $3,426, maintaining its position as the second-largest cryptocurrency with a market cap of $408 billion. A slight price decline has occurred within the last 24 hours. The 19b-4 proposal by NYSA Arca for Bitwise’s Ethereum ETP indicates a growing interest in Ethereum-based financial products. This situation suggests an increase in institutional interest in the Ethereum market. Additionally, Buterin recently purchased ANON tokens from Anoncast and shared anonymously on his Farcaster account. This demonstrates Buterin’s ongoing active role in the crypto ecosystem. Known for his support of ethical and regulatory clarity in blockchain,Buterin continues to contribute to the development of the cryptocurrency ecosystem. His actions highlight the importance of ethical approaches and policy development processes in the crypto space.

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The SEC has officially approved the eco-focused 7RCC Bitcoin ETF to be listed on NYSE Arca. This is a pretty exciting development, as it marks the first Bitcoin ETF with a unique twist. it’s got 80% of its holdings in Bitcoin and 20% in Carbon Credit Futures. It’s a blend of the digital asset boom and a focus on sustainability, which is definitely catching some attention. The eco angle is getting more and more popular, especially as people in the crypto space begin thinking about how to make things more environmentally friendly. With the 7RCC Bitcoin ETF, they’re combining Bitcoin exposure with carbon credits, making it an interesting choice for investors who want to support both digital assets and eco-friendly initiatives. This move also lines up well with the recent support from the CFTC (Commodity Futures Trading Commission) for spot Bitcoin options trading, which is a positive sign for the crypto market as a whole. With the SEC now backing this Bitcoin ETF, we’re seeing more acceptance of crypto-focused investment products, especially those that tie into broader trends like sustainability. If you’ve been watching the Bitcoin ETF scene, this is one to keep an eye on. It’s got the potential to attract a whole new group of investors who are looking for a greener way to get exposure to Bitcoin. Could this be the start of a new trend in the ETF world? It’ll be interesting to see how this plays out in the months ahead! $BTC