Crypto ETFs now allowed by SEC (for real)

www.cnn.com

cross-posted to:
news@lemmy.world

Crypto ETFs now allowed by SEC (for real)

www.cnn.com

TrudeauCastroson [he/him]@hexbear.net to

news@hexbear.netEnglish · 10 months ago

cross-posted to:
news@lemmy.world

SEC gives bitcoin ETFs the green light | CNN Business

www.cnn.com

After a false start Tuesday, the Securities and Exchange Commission gave its approval Wednesday for some investment companies to offer “spot bitcoin” exchange-traded funds.

When I first read it I thought it was a scam. Blackrock is offering one of these, it’s legit. Why the hell are the SEC allowing it now in the year of our lord 2024? Is the growth machine really that stagnant that they need this?

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