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Bitcoin halts losses amid criticism ETF rejections have cost investors '12,700% gains'
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Bitcoin (BTC) tapered losses on Nov. 13 as the market showed little interest in U.S. regulators refusing to allow a spot exchange-traded fund (ETF).
Data from Cointelegraph Markets Pro and TradingView showed calm conditions for BTC/USD into the weekend, the pair acting within a $1,000 corridor.
News that the Securities and Exchange Commission (SEC) had declined to approve VanEck's spot ETF product saw a dip towards $60,000 support but failed to spark significant volatility.
The first of multiple decisions regarding spot ETFs, the VanEck episode came as little surprise to many, but the firm expressing "disappointment" in the result.
"We are disappointed in today’s update from the SEC declining approval of our physical bitcoin ETF," Jan Van Eck
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