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SEC approves 11 spot Bitcoin ETFs
- ijhuygft776 3y agoIts the least they can do after making crypto into securities
- fancyfredbot 3y agoIronically bitcoin is pretty much the only kind of crypto which isn't a security.
- ijhuygft776 3y agomost cryptos are just like Bitcoin.... not sure what you mean
- fancyfredbot 3y agoSatoshi's dream of a decentralised ledger finally reaches its ultimate form of a centralised list maintained by the DTC. Rejoice!
- isubkhankulov 3y agoIrony/sarcasm aside, people buying crypto ETFs from their existing brokerage and retirement accounts would push the price up and in turn make the decentralized network more secure.
- washedup 3y agoThis comment shows a lot of ignorance. An ETF is just a "wrapper" for an Underlying Asset. Bitcoin is still decentralized as ever, and will continue to be. This approval just makes it easier for larger financial institutes to access it without having to worry about becoming a custodian, and will likely drive the price up a bit over the next many years. Bigger picture, the USA has just given Bitcoin the greenlight, and this will have big fiscal and geopolitical implications in 10-20 years.
- EE84M3i 3y agoSo, this was announced on Twitter by a hacker, denounced by the head of the SEC, then by the official Twitter account. Then on the _same day_ they published a press release on their site actually approving them, then deleted it, then republished it? What a mess.
- washedup 3y agoDoesn't matter, it's done now. If anything it just shows SEC ineffectiveness. They will continue to exist however.
- ChrisArchitect 3y agoMore discussion: https://news.ycombinator.com/item?id=38943291 https://news.ycombinator.com/item?id=38943291