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Trump's Truth Social Pulls Bitcoin ETF Application From SEC Review

BTC

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-2.21%

$62,531.91

-2.21%

(24s)

24h Volume

$18,150,633,808.00

24h H/L

$64,275.38 / $61,938.00

Change: $2,337.38 (3.77%)

Long/Short

68.4%

Long: 68.4%Short: 31.6%

Funding Rate

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Longs pay

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Bitcoin

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Resistance Levels

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Resistance 2$64,665.73

Resistance 1$62,911.84

Price$62,528.07

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Support 3$59,158.90

Pivot (PP):$62,913.82

Trend:Downtrend

RSI (14):36.8

Decrypt Editorial

(10:04 AM UTC)

1 min read

Reviewed byMichael Roberts

1268 views

0 comments

In brief

Trump Media & Technology Group has withdrawn its Bitcoin and Bitcoin-Ethereum ETF applications.
Sponsor and investment advisor Yorkville America said that it will pursue a different regulatory framework under the '40 Act instead of the '33 Act.
The withdrawal highlights intense fee pressure in the $57.4 billion U.S. spot Bitcoin ETF market, following the launch of Morgan Stanley's…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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