SEC has not approved Bitcoin ETFs [fixed]
31–40 of 518 posts
Re: SEC has not approved Bitcoin ETFs [fixed]
#32> The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. https://twitter.com/GaryGensler/status/1744833049064288387
Lmao, can admins update the title to reflect this or remove the listing altogether? SEC twitter getting hacked is the last of scenarios I'd expect
Yes, if you email them using the footer Contact link.
Re: SEC has not approved Bitcoin ETFs [fixed]
#33Why would someone buy this vs. just holding the Bitcoin? ETFs are interesting when 1. they bundle multiple securities together to diversify or 2. they are backed by an asset (like gold and barrels of oil) that is physically difficult for an individual to hold. Is this just for people who can't figure out how to open an account at a Bitcoin exchange?
Presumably the etf could be held in a variety of tax free accounts?
Re: SEC has not approved Bitcoin ETFs [fixed]
#34Why would someone buy this vs. just holding the Bitcoin? ETFs are interesting when 1. they bundle multiple securities together to diversify or 2. they are backed by an asset (like gold and barrels of oil) that is physically difficult for an individual to hold. Is this just for people who can't figure out how to open an account at a Bitcoin exchange?
Traditional IRAs can have ETF positions. This would allow pre-taxed earnings to purchase Bitcoin.
Re: SEC has not approved Bitcoin ETFs [fixed]
#35> The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. https://twitter.com/GaryGensler/status/1744833049064288387
womp womp. floor falling out. fraud means more delays probably
[deleted]
Re: SEC has not approved Bitcoin ETFs [fixed]
#36How SEC would protect investors if they are hacked with a supply chain attack!
Re: SEC has not approved Bitcoin ETFs [fixed]
#37> The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. https://twitter.com/GaryGensler/status/1744833049064288387
Maybe @SECGov wasn't compromised, but instead @GaryGensler was?
I was thinking the same, but the @SECGov Tweet has now disappeared. What a hack if it's true!
Re: SEC has not approved Bitcoin ETFs [fixed]
#38From tweet: Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.
The Tweet is now gone from the @SECGov account, which lends credence to the rumors it was hacked.
Re: SEC has not approved Bitcoin ETFs [fixed]
#39Why would someone buy this vs. just holding the Bitcoin? ETFs are interesting when 1. they bundle multiple securities together to diversify or 2. they are backed by an asset (like gold and barrels of oil) that is physically difficult for an individual to hold. Is this just for people who can't figure out how to open an account at a Bitcoin exchange?
Holding equities through a brokerage and using their interfaces are a well-understood problem. Managing a bitcoin wallet requires a bit more effort (though hopefully not too much more). Even worse is managing KYC & identity verification through existing Bitcoin exchanges, and navigating the scams and frauds from the real spot markets, and being able to transfer money in and bitcoin out from those markets.
Same reason gold ETFs are big -- people want exposure to the price of gold, but managing physical gold requires effort that many are not willing to put forth.
On a systemic side, ETFs have a number of advantages; notably a credit market (share borrow, etc.) which can lead to effective shorting of the price of the underlying, something that is difficult to pull off without getting suckered in by the next FTX. Plus inclusion in other ETFs, inclusion in various retirement schemes, and generally the wide availability of liquidity in equity markets.
Re: SEC has not approved Bitcoin ETFs [fixed]
#40How do I make sure that my 401k has zero exposure to this?
"How do I ensure I don't make any money from a flood of money pouring into an absolutely scarce digital asset"
I'm sure your performative nocoinering will feel really good in a year when you're wrong yet again.