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⚠️🔴 Head of Better Markets Calls on SEC to Reject Spot Bitcoin ETF Applications
Dennis Kelleher, the CEO of the non-profit organization Better Markets, has urged the U.S. Securities and Exchange Commission (SEC) to reject applications for launching spot Bitcoin ETFs. This marks another instance where Better Markets has called on the SEC to deny Bitcoin ETF applications.
The organization claims that the introduction of this instrument will lead to significant losses for investors. According to Kelleher, approving the instrument "would be a serious, if not historic, mistake that almost certainly will result in massive harm to investors."
"The mass and unabated fraud and market manipulation in the Bitcoin market mean that approving these products will expose investors to the very harm the SEC is supposed to prevent," he stated.
However, members of the crypto community, including Bloomberg ETF analyst James Seyffart, have expressed disagreement with Kelleher's letter. Seyffart predicts that the SEC might approve all 11 submitted applications for Bitcoin ETFs as early as next week.
As the market anticipates potential approvals, candidates for launching the instrument remain active. Potential issuers like Hashdex, Bitwise, and others have initiated advertising campaigns to promote their ETFs.
Similarly, asset management firm VanEck has focused on attracting crypto enthusiasts. The company recently donated $10,000 to Bitcoin Core developers and committed to contributing 5% of its ETF profits to them.
"We at VanEck are not Bitcoin tourists. We're in this for the long haul... [Bitcoin Core developers] tirelessly pursue decentralization and innovation – it's the cornerstone of the ecosystem, and we're here to support it," stated VanEck.
The crypto community has viewed this commitment as a positive gesture from VanEck, considering its previous demonstration of support with the HODL ticker for ETF.
#btc #binance #ETFBitcoin #news #chushpan
$BTC
Dennis Kelleher, the CEO of the non-profit organization Better Markets, has urged the U.S. Securities and Exchange Commission (SEC) to reject applications for launching spot Bitcoin ETFs. This marks another instance where Better Markets has called on the SEC to deny Bitcoin ETF applications.
The organization claims that the introduction of this instrument will lead to significant losses for investors. According to Kelleher, approving the instrument "would be a serious, if not historic, mistake that almost certainly will result in massive harm to investors."
"The mass and unabated fraud and market manipulation in the Bitcoin market mean that approving these products will expose investors to the very harm the SEC is supposed to prevent," he stated.
However, members of the crypto community, including Bloomberg ETF analyst James Seyffart, have expressed disagreement with Kelleher's letter. Seyffart predicts that the SEC might approve all 11 submitted applications for Bitcoin ETFs as early as next week.
As the market anticipates potential approvals, candidates for launching the instrument remain active. Potential issuers like Hashdex, Bitwise, and others have initiated advertising campaigns to promote their ETFs.
Similarly, asset management firm VanEck has focused on attracting crypto enthusiasts. The company recently donated $10,000 to Bitcoin Core developers and committed to contributing 5% of its ETF profits to them.
"We at VanEck are not Bitcoin tourists. We're in this for the long haul... [Bitcoin Core developers] tirelessly pursue decentralization and innovation – it's the cornerstone of the ecosystem, and we're here to support it," stated VanEck.
The crypto community has viewed this commitment as a positive gesture from VanEck, considering its previous demonstration of support with the HODL ticker for ETF.
#btc #binance #ETFBitcoin #news #chushpan
$BTC
🔴 Chushpan Coin (CHUSH): Riding the Wave of Memecoins
🔹 In recent times, the cryptocurrency world has witnessed an unusual phenomenon – the emergence of memecoins. These digital assets, inspired by popular internet memes, have captured investors' attention with their uniqueness and dynamism.
🔹 Memecoins are cryptocurrencies based on well-known internet memes, quickly becoming objects of interest due to their exotic nature and unpredictability.
🔹 Several memecoins have already garnered significant attention. "Dogecoin," featuring the image of the lovable Shiba Inu, has become a symbol of community strength and support. "Pepecoin," inspired by the famous "Pepe the Frog," is gaining popularity thanks to its unique design and marketing approach. Other examples include "Shibacoin," "Memecoin," and "BONK"...
🔹 At the core of the memecoin phenomenon is Chushpan Coin (CHUSH), drawing inspiration from the recent hit series "Slovo Patsana - Krov' na Asfalte" (A Dude's Word - Blood on the Asphalt). The vibrant theme of the Chushpan Coin (CHUSH) encapsulates the spirit of this acclaimed series, adding a touch of humor and creativity to the world of memecoins.
🔹 Just like its meme predecessors, Chushpan Coin (CHUSH) aims to bring together a community of enthusiasts who appreciate the fusion of cryptocurrency and internet culture. As the memecoin craze continues to evolve, CHUSH stands out as a playful and engaging addition to the diverse landscape of digital assets.
⚠️ Disclaimer: Memecoins, including Chushpan Coin (CHUSH), should be approached with caution, and potential investors are advised to conduct thorough research and consider the inherent risks associated with cryptocurrency investments.
#Memecoins #PEPE #CHUSH #ETFBitcoin #PEOPLE
🔹 In recent times, the cryptocurrency world has witnessed an unusual phenomenon – the emergence of memecoins. These digital assets, inspired by popular internet memes, have captured investors' attention with their uniqueness and dynamism.
🔹 Memecoins are cryptocurrencies based on well-known internet memes, quickly becoming objects of interest due to their exotic nature and unpredictability.
🔹 Several memecoins have already garnered significant attention. "Dogecoin," featuring the image of the lovable Shiba Inu, has become a symbol of community strength and support. "Pepecoin," inspired by the famous "Pepe the Frog," is gaining popularity thanks to its unique design and marketing approach. Other examples include "Shibacoin," "Memecoin," and "BONK"...
🔹 At the core of the memecoin phenomenon is Chushpan Coin (CHUSH), drawing inspiration from the recent hit series "Slovo Patsana - Krov' na Asfalte" (A Dude's Word - Blood on the Asphalt). The vibrant theme of the Chushpan Coin (CHUSH) encapsulates the spirit of this acclaimed series, adding a touch of humor and creativity to the world of memecoins.
🔹 Just like its meme predecessors, Chushpan Coin (CHUSH) aims to bring together a community of enthusiasts who appreciate the fusion of cryptocurrency and internet culture. As the memecoin craze continues to evolve, CHUSH stands out as a playful and engaging addition to the diverse landscape of digital assets.
⚠️ Disclaimer: Memecoins, including Chushpan Coin (CHUSH), should be approached with caution, and potential investors are advised to conduct thorough research and consider the inherent risks associated with cryptocurrency investments.
#Memecoins #PEPE #CHUSH #ETFBitcoin #PEOPLE
Not much left until the launch of Chushpan Coin (CHUSH)
We want to make a worthy memcoin so that it can compete with strong players in the cryptocurrency market. Nowadays this is not easy to do, but" WE WILL TRY"
🌐 Website: chushpan.io
We are glad to see every new subscriber 🤝
We want to make a worthy memcoin so that it can compete with strong players in the cryptocurrency market. Nowadays this is not easy to do, but" WE WILL TRY"
🌐 Website: chushpan.io
We are glad to see every new subscriber 🤝
What do you think about the TV series - The Boy's Word?
What if we take this as the basis for a future project?
We need your support, we need subscriptions.
If you are boys and not CHUSHPANS, then subscribe 🤝
Suitable content is planned, because we are UNIVERSAMOVSKIE
What if we take this as the basis for a future project?
We need your support, we need subscriptions.
If you are boys and not CHUSHPANS, then subscribe 🤝
Suitable content is planned, because we are UNIVERSAMOVSKIE
Hi Crypto World!
Yesterday, 66.000.000.000 CHUSHPANS (WIMPS) were born, who will carry coins to you from home 😁
And we need HELP!- subscriptions, likes, reposts, would you create an NFT.
Yesterday, 66.000.000.000 CHUSHPANS (WIMPS) were born, who will carry coins to you from home 😁
And we need HELP!- subscriptions, likes, reposts, would you create an NFT.