Bitcoin ETF's
Posted: January 10th, 2024, 9:31 pm
Well, unlike yesterday, it's now official.
The SEC (securities and exchange commission) has authorized a bunch of bitcoin spot ETF's.
https://cryptopotato.com/its-official-s ... ed-states/
Yesterday? What happened with the unsecured exchange commission then?
Oh, they didn't secure their X (twitter) account and it was announced that they authorized the ETF's yesterday.
https://cryptopotato.com/x-confirms-sec ... er-no-2fa/
Ok, don't rush out to buy one. I seriously doubt that any of you will actually be able to invest in any of these ETF's anytime soon. UK regulations require investors be given information in certain forms. Many US companies can't see the point in spending the money to do so. Hence there are many US funds that you can't invest in.
Possibly of more interest is the false post itself. Naturally it calls into question the SEC's care and attention to what it does. Indeed I understand that a couple of US Senators are quite unhappy.
https://twitter.com/SenVancePress/statu ... 6300810631
Anyway, despite the fact that you can't buy any of these ETF's, I thought that I'd leave you with an add for one.
https://twitter.com/hashdex/status/1743287176337482184
Note you will need the sound to understand it. Well worth watching.
Disclaimer: I don't think that I'll be buying a bitcoin ETF, though who knows. With the FCA and banks tightening the screws it may be that the only way to get bitcoin exposure in the UK might be through your stockbroker!
The SEC (securities and exchange commission) has authorized a bunch of bitcoin spot ETF's.
https://cryptopotato.com/its-official-s ... ed-states/
Yesterday? What happened with the unsecured exchange commission then?
Oh, they didn't secure their X (twitter) account and it was announced that they authorized the ETF's yesterday.
https://cryptopotato.com/x-confirms-sec ... er-no-2fa/
Ok, don't rush out to buy one. I seriously doubt that any of you will actually be able to invest in any of these ETF's anytime soon. UK regulations require investors be given information in certain forms. Many US companies can't see the point in spending the money to do so. Hence there are many US funds that you can't invest in.
Possibly of more interest is the false post itself. Naturally it calls into question the SEC's care and attention to what it does. Indeed I understand that a couple of US Senators are quite unhappy.
https://twitter.com/SenVancePress/statu ... 6300810631
Anyway, despite the fact that you can't buy any of these ETF's, I thought that I'd leave you with an add for one.
https://twitter.com/hashdex/status/1743287176337482184
Note you will need the sound to understand it. Well worth watching.
Disclaimer: I don't think that I'll be buying a bitcoin ETF, though who knows. With the FCA and banks tightening the screws it may be that the only way to get bitcoin exposure in the UK might be through your stockbroker!