SEC’s Pending Decision on Spot Bitcoin ETF? 👀
Dennis M. Kelleher, CEO of Better Markets, urged the #SEC not to approve a spot Bitcoin ETF, fearing significant investor risks due to fraud and manipulation in the crypto market.
He emphasized potential harm if the SEC greenlights the #ETF , stating it would validate crypto products to the US government.
However, Bloomberg's James Seyffart criticized this stance, highlighting the efforts of asset management firms. Fox Business journalist Eleanor Terrett echoed Kelleher's past negative remarks on crypto.
Recent news shows 11 ETF applicants submitted final forms before the SEC's Jan. 10 deadline, a crucial step toward #approval , but listing shares necessitates completing S-1 documents.
