Cryptocurrency Q&A
Did ETF approve bitcoin?
Did ETF approve bitcoin?
Bianca
Sun Jul 07 2024
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6 answers
1033
As a keen observer of the cryptocurrency and financial landscape, I'm curious to understand the current status of Bitcoin with regards to Exchange Traded Funds (ETFs). Have any ETFs officially approved Bitcoin for inclusion in their portfolios? If so, which ETFs have taken this significant step and what are the potential implications for the cryptocurrency market? Could this approval lead to increased legitimacy and wider acceptance of Bitcoin among traditional investors? Moreover, what are the potential risks that ETFs may face by incorporating Bitcoin into their investment strategies?
6 answers
Federica
Tue Jul 09 2024
His remarks indicated that the SEC is closely scrutinizing the cryptocurrency market and is not willing to extend its approval to the underlying assets themselves.
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Silvia
Tue Jul 09 2024
In his remarks, Gensler clarified that the SEC's authorization of these ETFs did not constitute an "approval or endorsement" of Bitcoin or any other cryptocurrency.
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KimonoElegant
Tue Jul 09 2024
He emphasized that the agency's decision was based solely on the merits of the specific ETFs and their compliance with SEC regulations.
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BusanBeautyBloomingStar
Tue Jul 09 2024
Gensler further commented on the broader cryptocurrency industry, stating that most crypto trading platforms were operating in violation of the law.
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GangnamGlamour
Tue Jul 09 2024
He noted that these platforms "often have conflicts of interest" due to their lack of regulation and transparency.
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