Crypto Bulls Unleashed: SEC Approval of Bitcoin ETFs Sparks Frenzy
 ‌ ‌ ‌ Crypto Bulls Unleashed: SEC Approval of Bitcoin ETFs Sparks Frenzy [StreetAuthority]    [What I discovered in this journal could make you 20x richer!]( A few months back, while browsing through a boring medical journal… I came across an investment opportunity that stopped me dead in my tracks. I read and re-read the article… before scouring the web to see what others were saying about it… and to my surprise, it’s flying completely under the radar of most mainstream news outlets (even though three of the world’s top investors and innovators have already quietly invested billions in it). What do they know that WE don’t? (The answer could hand you gains up to 2,288%). [What do they know that WE don’t?](   Crypto Bulls Unleashed: SEC Approval of Bitcoin ETFs Sparks Frenzy By John Persinos  Get ready for the cryptocurrency revolution on Wall Street. The U.S. Securities and Exchange Commission (SEC) shook up the investment landscape last Wednesday, giving the green light to rule changes that open the doors for the creation of Bitcoin (BTC) exchange-traded funds (ETFs). Crypto assets have soared on the news. Institutional investors are now invited by regulators to ride the crypto wave, courtesy of the SEC’s nod of approval. Below, I explain what it all means for average investors. The SEC said it approved 11 applications from major asset managers for the first U.S.-listed ETFs to track Bitcoin, including from BlackRock (NYSE: BLK), Ark Investments/21Shares, Fidelity, Invesco, and VanEck. The SEC’s groundbreaking decision not only means that Bitcoin ETFs from big players are on the horizon, but it also sets the stage for Grayscale’s existing Bitcoin Trust to transform into a much more accessible ETF. The SEC’s approval was not entirely unexpected, but neither had it been a foregone conclusion. Often in the past, SEC Chair Gary Gensler has expressed skepticism towards Bitcoin and other cryptocurrencies. Gensler maintained his cautious stance in [a January 10 statement](: Importantly, today’s commission action is cabined to [exchange-traded products] holding one non-security commodity, Bitcoin. It should in no way signal the commission’s willingness to say anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws. Gensler’s tone strikes me as begrudging, which suggests crypto will continue to garner heightened regulatory scrutiny. In his statement, Gensler emphasized that the approval of Bitcoin ETFs should not be misconstrued as an endorsement of Bitcoin itself. He urged investors to exercise caution due to the myriad risks associated with Bitcoin and products tied to crypto, describing Bitcoin as “primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.” [Read More...](   [Obscure law forces this company to pay out 90% of profits](  An obscure 50-year-old legally binding “loophole,” has one company paying out $9 of every $10 it makes directly back to investors like you. Most folks don't know this company exists, but those who do are making a mint. [Here's how to join them.]( You are receiving this email at {EMAIL} as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms]( |  [Privacy]( |  [Unsubscribe]( ©2024 StreetAuthority
20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.