#SECETFApproval ๐ Key Points to Clarify:
1. SEC ETF Approval usually refers to the U.S. Securities and Exchange Commission approving Exchange-Traded Funds (ETFs), especially Bitcoin ETFs.
2. Binance is not a U.S.-regulated exchange, so it's not directly eligible to launch SEC-approved ETFs.
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โ Whatโs True:
The SEC has approved spot Bitcoin ETFs for trading on U.S.-regulated exchanges (e.g., BlackRock, Fidelity, Grayscale), not Binance.
These ETFs are typically traded on platforms like NASDAQ or NYSE, not on crypto exchanges like Binance.
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โ Binance & SEC ETF Approval:
Binance has no ETF approved by the SEC.
In fact, the SEC has filed lawsuits against Binance in the past for alleged securities law violations.