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WARNING: EVERYONE IS WRONG ABOUT THE BITCOIN ETF (Crypto Crash)The US Securities and Exchange Commission said that they had "not approved the listing of spot bitcoin exchange-traded products". denied dozens of the funds tied to the new, digital currency because it was skeptical of issuers' ability to protect investors from fraud. 'There is no reason to approve Bitcoin spot ETF that would legitimize Bitcoin as alternative store of value,' according to report - Anadolu.