Ethereum (ETH)
Wallets and Whales
Ethereum founder Vitalik Buterin does not use hardware wallets
02-05-20242 min read
News - SEC warns about crypto: Is the Bitcoin ETF imminent?
"Investments in crypto securities can be extremely risky and are often volatile" - so writes the U.S. Securities and Exchange Commission in a new post on X, which links to an investor warning.
Investments in #crypto asset securities can be exceptionally risky and are often volatile. Learn more in our Investor Alert: https://t.co/Qd9ps9BPvm pic.twitter.com/dTlk9LE2KV
— SEC Investor Ed (@SEC_Investor_Ed) December 8, 2023
The timing is remarkable: the last time the Securities and Exchange Commission (SEC) warned against investing in "crypto securities," it was followed by the approval of the Bitcoin Futures ETF (BITO).
Does the SEC's renewed warning against crypto now point to the upcoming approval of the Bitcoin Spot ETF? Quite possible, at least according to Eric Balchunas. The Bloomberg analyst tweeted his thoughts on the matter last weekend:
"Oh shocker, the SEC tweeted educational material and warnings about crypto investing, which it did in the run-up to the $BITO," writes Balchunas on X.
More specifically, the approval of the BITO came about a week after the last warning. Does this mean approval of the Bitcoin Spot ETF is still a week away? Probably not, Balchunas says - he expects it to take four weeks.
