Gary Gensler’s letter on the spot Bitcoin ETF approval makes two things clear:
1) This happened because the SEC lost the Grayscale case
2) This “in no way” signals their willingness to approve other “crypto asset securities”
Bitcoin gaining institutional interest is a big step forward. The market is growing and maturing and transforming Bitcoin from a largely retail-owned asset, to a global macro asset that will compete with gold and US treasuries.
An Exchange Traded Fund is a fund that holds assets and individual shares of the fund can be traded on an exchange.
Bitcoin ETFs will do one thing and one thing only: they hold Bitcoin and allow you to get exposure to Bitcoin in your investment accounts.
ETFs will make it much easier to get exposure to Bitcoin.
You’ve had a little over 15 years to learn about #Bitcoin and front run Wall Street.
Did you do it?🧡
#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #SEC #Bitcoin ETF
BitcoinFriday / Felipe
npub183…sqrr4
2024-01-10 23:14:32
Author Public Key
npub1837u93v8am8q2rauvkqfk9sf6xfq07p9m4m82jueqh5u4qzkg25qesqrr4Published at
2024-01-10 23:14:32Event JSON
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"content": "Gary Gensler’s letter on the spot Bitcoin ETF approval makes two things clear:\n\n1) This happened because the SEC lost the Grayscale case\n\n2) This “in no way” signals their willingness to approve other “crypto asset securities”\n\nBitcoin gaining institutional interest is a big step forward. The market is growing and maturing and transforming Bitcoin from a largely retail-owned asset, to a global macro asset that will compete with gold and US treasuries.\n\nAn Exchange Traded Fund is a fund that holds assets and individual shares of the fund can be traded on an exchange.\n\nBitcoin ETFs will do one thing and one thing only: they hold Bitcoin and allow you to get exposure to Bitcoin in your investment accounts.\n\nETFs will make it much easier to get exposure to Bitcoin.\n\nYou’ve had a little over 15 years to learn about #Bitcoin and front run Wall Street. \n\nDid you do it?🧡\n\n\n#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #SEC #Bitcoin ETF",
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