The U.S. Securities and Exchange Commission (SEC) is currently reviewing 155 crypto exchange-traded product (ETP) filings, marking the start of what is being dubbed 'Crypto ETF season.' These filings cover 35 different digital assets. In October, Bitcoin ETFs experienced significant inflows totaling $4.21 billion, surpassing the previous month's figures. Bitcoin reached a seven-day high of nearly $114,000 during this period.
The SEC, under the leadership of new chair Paul Atkins, is working to expedite approvals using a generic standard. Meanwhile, industry leaders are engaging with Senate Democrats to discuss potential market regulations. However, a government shutdown has delayed key decisions, affecting major firms such as Franklin Templeton and Grayscale.
Crypto ETF Filings Surge as Bitcoin Inflows Hit $4.21 Billion in October
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