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SEC Statement on the Approval of Spot Bitcoin Exchange-Traded Products (sec.gov)
22 points by dcope 5 months ago | hide | past | favorite | 7 comments



Fantastic quote:

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]

To poke a nest, which other assets are used for the aforementioned activities


Paper money and gold through the hawala networks. Both have ETFs.


Where can I invest in paper money ETF?


I meant that currencies that etfs :)


Hawala networks don’t have ETFs.


Gold does. The analogy holds.





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