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Bitcoin Self-Custody Alternatives: ETFs And Corporate Strategies
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Bitcoin ETFs Launch Google Ad Campaigns To Attract Investors
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The Pros and Cons of Bitcoin ETFs vs Direct Bitcoin; Decentraland and Borroe Finance Register Strong Gains
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Namthip Muanthongthae/Getty Images(NEW YORK) The Securities and Exchange Commission on Wednesday gave its approval for some Bitcoin ETFs, just a day after a fake post on the agency s account on X made a similar announcement and sent the value of Bitcoin soaring.
The price of Bitcoin vaulted skyward on Tuesday afternoon after the SEC appeared to deliver a major breakthrough for the cryptocurrency.
Minutes later, SEC Chair Gary Gensler punctured the euphoria, saying on X that a hacker had commandeered the agency s account and sent out a fake message. The price of Bitcoin plummeted.
Some analysts say Bitcoin ETFs Exchange-Traded Funds could bring tens of billions of dollars of investment this year and catapult the price of Bitcoin.
In a statement on Wednesday, Gensler confirmed the decision but offered a note of caution about cryptocurrency.
After announcing that the SEC had "approved the listing and tradition" of some Bitcoin ETFs, Gensler added: "We did not ap