4 ms·
THCX the cannabis ETF went from $230 to $16. Maybe it was not known to be risky, but it was a massive rug pull. Does that qualify?
by kobalsky 3y ago
THCX the cannabis ETF went from $230 to $16. Maybe it was not known to be risky, but it was a massive rug pull. Does that qualify?
- dpflan 3y agoI should've added this comment from the SEC, the entity that just authorized this ETF: """ Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7] """ - https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023 https://www.sec.gov/news/statement/gensler-statement-spot-bi... What other ETF exists for an asset that the SEC closes its statements about like this?
- dpflan 3y agoI think you may be right regarding the thc industry in the US, its gray area of existence.