SEC has not approved Bitcoin ETFs [fixed]

#1

Post by pawelduda » Tue, Jan 09, 2024, 9:17 PM UTC

SEC has not approved Bitcoin ETFs [fixed]
twitter.com

Re: SEC has not approved Bitcoin ETFs [fixed]

#2

Post by pawelduda » Tue, Jan 09, 2024, 9:17 PM UTC

From 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.

Re: SEC has not approved Bitcoin ETFs [fixed]

#3

Post by monero-xmr » Tue, Jan 09, 2024, 9:23 PM UTC

Widely believed Ethereum ETF coming in Q2. Will make it much easier to put 401k / IRA money in, and capitulation by SEC makes a Bitcoin and Ethereum ban in the US basically impossible.

Re: SEC has not approved Bitcoin ETFs [fixed]

#4

Post by max_ » Tue, Jan 09, 2024, 9:25 PM UTC

What exactly will the ETFs holds? Bitcoin? Or Derivatives?

Re: SEC has not approved Bitcoin ETFs [fixed]

#5

Post by trompetenaccoun » Tue, Jan 09, 2024, 9:25 PM UTC

max_ wrote: post #4

What exactly will the ETFs holds? Bitcoin? Or Derivatives?

They're spot Bitcoin ETFs. So yes, Bitcoin.

Re: SEC has not approved Bitcoin ETFs [fixed]

#6

Post by xur17 » Tue, Jan 09, 2024, 9:26 PM UTC

monero-xmr wrote: post #3

Widely believed Ethereum ETF coming in Q2. Will make it much easier to put 401k / IRA money in, and capitulation by SEC makes a Bitcoin and Ethereum ban in the US basically impossible.

I'm curious if they will allow staked assets within the ETF.

Re: SEC has not approved Bitcoin ETFs [fixed]

#7

Post by CSMastermind » Tue, Jan 09, 2024, 9:26 PM UTC

As someone completely out of the loop what was preventing ETFs from including Bitcoin? Is there some regulation about what types of assets can or cannot be part of an ETF?

Can I go make an ETF for magic the gathering cards? How about restaurant reservations or taylor swift tickets?

Re: SEC has not approved Bitcoin ETFs [fixed]

#8

Post by rvz » Tue, Jan 09, 2024, 9:27 PM UTC

I don't think so.

To Downvoters:

The Twitter / X account of the SEC was compromised: [0]

> 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.

You all got manipulated very easily.

[0] https://twitter.com/GaryGensler/status/1744833049064288387

Re: SEC has not approved Bitcoin ETFs [fixed]

#9

Post by dmitrygr » Tue, Jan 09, 2024, 9:27 PM UTC

How do I make sure that my 401k has zero exposure to this?

Re: SEC has not approved Bitcoin ETFs [fixed]

#10

Post by ska » Tue, Jan 09, 2024, 9:28 PM UTC

dmitrygr wrote: post #9

How do I make sure that my 401k has zero exposure to this?

self direct?