SEC gives bitcoin ETFs the green light | CNN Business
www.cnn.com
After a false start Tuesday, the Securities and Exchange Commission gave its approval Wednesday for some investment companies to offer “spot bitcoin” exchange-traded funds.

When I first read it I thought it was a scam. Blackrock is offering one of these, it’s legit. Why the hell are the SEC allowing it now in the year of our lord 2024? Is the growth machine really that stagnant that they need this?

brrrrrrrrrrrr

  • TrudeauCastroson [he/him]@hexbear.netOPEnglish
    10·
    6 months ago

    wait until you learn how derivatives work, it’s like if athletes were allowed to bet on their own sports and teams. Literally gambling, but on stonks and agricultural output.

    I wanted to learn how this shit works, and the more I speak the language of the finance bros the dumber it is.