Regardless, this incident raises concerns about the authenticity of crypto news sources, and SEC Chairman Gary Gensler must have taken notice and may view this story as an example of potential market manipulation in the field, thus giving a Spot ETFs come with a certain degree of difficulty.

However, there is no need to be completely discouraged. The outcome of things is often what people want. The passage of ETF will change the rules of the game for the legalization of cryptocurrency in the United States. It will reduce the operational risk of holding BTC, comprehensively improve the level of cryptocurrency education, and provide a solid foundation for the future. Paving the way for the addition of products such as spot ETH ETFs.

Regarding crypto news, please remain cautious in the future, because this incident may be the beginning of speculators.