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SEC has finally approved 11 #Bitcoin ETFs!!??
US SEC approves bitcoin ETFs in watershed for crypto market
By Hannah Lang and Suzanne McGee
WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world's largest cryptocurrency and the broader crypto industry.
The Securities and Exchange Commission said it approved 11 applications, including from BlackRock (BLK.N), Ark Investments/21Shares (ABTC.S), Fidelity, Invesco (IVZ.N) and VanEck, despite warnings from some officials and investor advocates that the products carried risks.
Most of the products are expected to begin trading Thursday, issuers said, kicking off a fierce competition for market share.
A decade in the making, the ETFs are a game-changer for bitcoin, offering investors exposure to the world's largest cryptocurrency without directly holding it. They provide a major boost for a crypto industry beset by scandals.
"It's a huge positive for the institutionalization of bitcoin as an asset class," said Andrew Bond, managing director and senior fintech analyst at Rosenblatt Securities.
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years.
The market capitalization of bitcoin stood at more than $913 billion as of Wednesday, according to CoinGecko. As of December 2022, total net assets of U.S. ETFs stood at $6.5 trillion, according to the Investment Company Institute.
Companies expect a flurry of online advertising and other marketing. Some issuers, including Bitwise and VanEck, have already released ads touting bitcoin as an investment.
"It is pretty unprecedented, so we'll see how it works. I've never been in a situation where 10 of the same ETF was launched on the same day,” said Steven McClurg, chief investment officer at Valkyrie, whose ETF was among those approved on Wednesday.
The approvals come a day after an unauthorized person published a fake post on the SEC’s account on social media platform X, saying the agency had approved the products for trading. The agency quickly disavowed and deleted the post.
On Wednesday it said it is coordinating with law enforcement and the SEC's own internal watchdog to investigate the incident.
That incident, and a confused announcement on Wednesday afternoon in which the SEC appeared to publish the formal regulatory approval and then remove it from its website, did not dampen the crypto industry celebrations.
"We believed that bitcoin could change the world, and we were and remain excited at the prospect of democratizing access to this asset," said Grayscale CEO Michael Sonnenshein.
SPECULATIVE, VOLATILE'
Cryptocurrencies were created as an alternative to fiat currencies -- currencies established by and backed by a government such as the U.S. dollar and the euro -- but cryptocurrencies are largely used as speculative investments due to their volatility.
The green light marks a U-turn for the SEC, which had rejected bitcoin ETFs due to worries they could be easily manipulated. SEC Chair Gary Gensler is a fierce crypto skeptic.
In a highly unusual move, however, Gensler, a Democrat, joined the SEC's two Republican commissioners in voting to approve the products, while the agency's two Democratic commissioners voted against. One, Caroline Crenshaw, cited investor protection worries.
Hopes the SEC would finally approve bitcoin ETFs surged last year after a federal appeals court ruled that the agency was wrong to reject an application from Grayscale Investments to convert its existing Grayscale Bitcoin Trust into an ETF.
In a statement on Wednesday, Gensler said that in light of the court ruling, approving the products was "the most sustainable path forward," but added the agency did not endorse bitcoin, calling it a "speculative, volatile asset" also used to fund crime.
Gensler also repeated his long-held position that bitcoin is a commodity not a security, and as such, Wednesday's approval was in "no way" a signal that the SEC would be easing up on its crackdown on crypto players it says are flouting its laws.
https://www.reuters.com/techno....logy/bitcoin-etf-hop
SEC has finally approved 11 #Bitcoin ETFs in watershed for Crypto Market!
Exclusive: Woven Finance, a fintech startup backed by Coronation Group, is shutting down
https://techcabal.com/2024/01/....10/woven-finance-shu
Mobile Money : en RCA, les envois et retraits d’argent désormais taxés à 1% du montant
https://ecomatin.net/mobile-mo....ney-en-rca-les-envoi
Et oui ```Raison pour laquelle dans les rituels kemite ...il est dit après les invocations ....
``` *Nous pensons le ciel NOUT et la terre GEB dans la balance de la MAA'T*✊🏾🌍
: *Vitesse de la lumière et emplacement de la pyramide de Gizeh !!!*
``` 1. La Vitesse de la lumière = 299 792 458 k/s
2. Localisation de la Pyramide de Gizeh = 29.9792458 N°
Il y a une probabilité de 1 sur 900 millions de deviner un nombre à neuf chiffres.
Étant donné que le nombre est apparu deux fois, il y a une chance sur 1,8 milliard d'options que deux nombres à neuf chiffres soient identiques.
C'est l'équivalent de quelqu'un qui devine deux fois votre numéro de sécurité sociale !!!
En un mot, ....nous vivions dans un monde visible,... baigné au sein d’un monde immatériel donc invisible.... La question est alors : de quoi est fait cet invisible ???
En réalité :
Si vous voulez trouver les secrets de l'univers, ...pensez en termes d'énergie, de fréquence,... et de vibration....
Car:... Tout est énergie, ...et c’est là tout ce qu’il y a à comprendre dans la vie.... Aligne-toi à la fréquence de la réalité que tu souhaites ...et cette réalité se manifestera.... Tout le secret est caché là... Ce n’est pas de la philosophie. C’est la science khémenou kemite pharaonique... Notre héritage anhkcestrale...
Merci de m'avoir lu 🦉
Celui qui est sage sera exalté ♾️
Oui montez vos fréquences vibratoires
Régulièrement tous les jours
Soyez dans votre verticalité
L'arbre des 3 Amours
An AFRICA success story: Good governance, reforms contribute to Rwanda\s economic development!
Les applis de livraison : pratiques mais coûteuses
https://ici.radio-canada.ca/no....uvelle/2040102/appli
