SEC approves 11 spot Bitcoin ETFs

reuters.com

52 points·yayitswei··9 comments

Satoshi's dream of a decentralised ledger finally reaches its ultimate form of a centralised list maintained by the DTC. Rejoice!

Irony/sarcasm aside, people buying crypto ETFs from their existing brokerage and retirement accounts would push the price up and in turn make the decentralized network more secure.

This comment shows a lot of ignorance. An ETF is just a "wrapper" for an Underlying Asset. Bitcoin is still decentralized as ever, and will continue to be. This approval just makes it easier for larger financial institutes to access it without having to worry about becoming a custodian, and will likely drive the price up a bit over the next many years.

Bigger picture, the USA has just given Bitcoin the greenlight, and this will have big fiscal and geopolitical implications in 10-20 years.

So, this was announced on Twitter by a hacker, denounced by the head of the SEC, then by the official Twitter account.

Then on the _same day_ they published a press release on their site actually approving them, then deleted it, then republished it?

What a mess.

Doesn't matter, it's done now. If anything it just shows SEC ineffectiveness. They will continue to exist however.

More discussion: https://news.ycombinator.com/item?id=38943291

Its the least they can do after making crypto into securities

Ironically bitcoin is pretty much the only kind of crypto which isn't a security.

most cryptos are just like Bitcoin.... not sure what you mean

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