The auto eroticism how commonSecurities and Exchange Commission (SEC) has actually approved Bitcoin exchange-traded funds (ETF) now, less than 24 hours after false reports that it had already done so. It's been a big week for cryptocurrency fans.
SEC chairperson Gary Genser announced the agency's approval of Bitcoin ETFs via the agency's official website on Wednesday. ETFs are bundles of distinct securities which can be traded on the stock market together in one lot, diversifying your investment in order to minimise risk. Now investors will be able to purchase ETFs that include Bitcoin, allowing them to invest in the cryptocurrency without having to buy it directly.
It should be noted that these are spot ETFs, which actually hold Bitcoin, as opposed to futures ETFs, which track Bitcoin prices through futures contracts.
This SEC approval doesn't mean the floodgates are now open for all cryptocurrencies on the stock market though. Only 11 specific Bitcoin ETFs have been approved, including BlackRock's iShares Bitcoin Trust and Grayscale Bitcoin Trust.
"Importantly, today’s Commission action is cabined to [exchange traded products] holding one non-security commodity, bitcoin," said Genser. "It should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities."
Wednesday's news is a significant step forward for crypto enthusiasts, who had been hoping that SEC approval would help legitimatise cryptocurrency and encourage new investors.
However, though Bitcoin ETFs have been approved, Genser emphasised that this does not mean the SEC endorses cryptocurrency. In fact, he seemed apprehensive of Bitcoin, stating that while other assets such as metals have clear consumer and industrial uses, "in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing."
Genser further stated that the SEC does not evaluate the merits of the assets in an ETF, and is simply obliged to approve filings if they comply with the relevant laws and the agency's rules.
"While we approved the listing and trading of certain spot bitcoin [exchange traded product] shares today, we did not approve or endorse bitcoin," said Genser. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."
The announcement came just one day after a fake post from the SEC's hacked Twitter/X account claimed approval for Bitcoin ETFs had already been granted. This briefly caused Bitcoin's value to fluctuate, shooting up at the false news before dropping back down when it was corrected.
The SEC has previously said that any announcements such as the approval of Bitcoin ETFs would be published on its website before being listed on the Federal Register, rather than being first revealed on social media. The agency is currently working with the FBI to investigate the hack.
Topics Bitcoin Cryptocurrency
The 5 most inappropriate things Donald Trump said at a Puerto Rico disaster briefing
So, your partner watches porn. Here's why it's not a problem.
'May December' versus 'All
Gonzaga vs. UW basketball without cable: Game time, streaming deals, and more
Amazon Spring Sale 2025: Best Apple AirPods 4 with ANC deal
Remi Cruz on her Twice bias, Maangchi, and being Lana Del Rey's favorite vlogger
NYT's The Mini crossword answers for December 9
What’s Up with Ancient Greek Epitaphs by Anthony Madrid
'The Last of Us' Season 2, episode 5: The spores are here!
Other People’s Photographs by Lucy Sante
Nintendo Switch 2 preorder just days away, per leak
Donald Trump's mugshot is here and it's scowly
One Word: Striking by Myriam Gurba
'May December' versus 'All
The Made in America iPhone: How much would it cost?
The Print Bar in Australia: Everything you need to know
National Dog Day picks: 11 of our favorite products for our pooches
The Tale of Genji: What Is It? by Anthony Madrid
Shop the Google Pixel Pro 9 for $200 off at Amazon
On Fasting by Kaveh Akbar
Tbh, this dog really is the employee of the year, and we quitA decade of New Year's Eve glasses, ranked by how dumb they lookedWhere to watch Golden GlobeNew Lyft and Uber rules to know for New Year's DayHow to stick with your charitable New Year's resolutionsSamsung unveils cheaper Lite versions of the Galaxy S10 and Note 10Northwestern's crying young fan is all of us watching our brackets get bustedTrump administration cuts LGBTQ questions from elder care surveys20 movies and shows to stream with your New Year's Day hangoverNorthwestern's crying young fan is all of us watching our brackets get bustedThe 11 best moments from this massive, crazy profile of Kellyanne Conway'Sesame Street' has brilliantly trolled Donald Trump for decadesTrump administration cuts LGBTQ questions from elder care surveys11 popular songs played using unconventional instrumentsGlimpse into Amazon's futuristic living spheresTesla sold more cars than ever in 2019 despite Elon Musk's bad tweetsDonations flood into Meals on Wheels after White House threatens to pull fundingGreta Thunberg is going by 'Sharon' now, thanks to a quiz show contestant's mixThe country where people devour pasta, wine and olive oil is the world's healthiest. Really.Canceled 'Lodge 49' is a magical viewing experience, now on Hulu Rihanna's halftime show and intense Philly fans: The 8 best tweets of Super Bowl week Football fans are betting on the Gatorade shower color. What color was it? Not even Paris Hilton wants to advertise on Twitter / X Best laptop deal: Get the Acer Swift Go 16 laptop for under $550 The Inventions of Witches Cocktails for Toasting the End of Patriarchy by Merrily Grashin Advice on New Year's Resolutions from Kierkegaard and Nietzsche The Dark Feels Different in November Black Friday MacBook deals: M1, M2, and M3 at record lows Matthew Zapruder: Advice on How to Read a Poem Best deals of the day Feb. 10: T3 Whirl Trio, Dyson V7 Advanced vacuum, Echo Show bundle, and more Why the Father of Modern Neuroscience Was Obsessed with Fiction How Nicolas Cage memes shaped 'Dream Scenario' The Uncertain Future of the American Mall Redux: Elizabeth Bishop, Evan S. Connell, and Diane di Prima by The Paris Review ChatGPT could be writing a lot of Valentine’s Day cards this year Best gaming deal: Get a Backbone One (lightning) for under $70 Best deals of the day Feb. 14: AirPods Max, 2021 iPad, Arlo video doorbell, and more Ten of Our Top Stories from 2017 Walmart Early Access deal: Beats Studio3 for $99
3.8868s , 10194 kb
Copyright © 2025 Powered by 【auto eroticism how common】,Creation Information Network