CNBC’s Kate Rooney joins ‘Closing Bell Overtime’ to talk the SEC officially approving bitcoin spot ETFs today.
POSITION GOING INTO THAT IN APRIL. >> WE DO HAVE BREAKING NEWS. KATE ROONEY HAS THE SEC DECISION. >> WE ARE GETTING WORD FROM THE SEC THAT A WAVE OF GOING ETF’S HAVE BEEN APPROVED. THE STATEMENTS AND THAT 11 OF
THESE HAVE GOTTEN THE GREEN LIGHT TO TRADE IN THE U.S.. WE EXPECT THEM TO START TRADING TOMORROW BASED ON WHAT SOME OF THE EXCHANGES HAVE SAID EARLIER IN THE DAY. WHAT WAS SAID EARLIER IN THE DAY, THOSE ETF’S WILL BEGIN TRADING TOMORROW.
THE CHAIR OF THE SEC TALKS ABOUT SOME OF THE RISKS INVOLVED HERE. HE WOULD NOTE THE UNDERLYING ASSET. TALKING ABOUT BITCOIN, PRIMARILY SPECULATIVE VOLATILE ASSETS INCLUDING RANTS AND WHERE AND MONEY LAUNDERING. SAME BREATH. THE USE CASES, WHILE WE APPROVE
THE SPOT, BITCOIN TRADED PRODUCTS AND SHARES TODAY, WE DID NOT ENDORSE BITCOIN. INVESTORS SHOULD REMAIN CAUTIOUS ABOUT THE MYRIAD OF RISKS ASSOCIATED WITH BITCOIN PRODUCTS, WHOSE VALUE ARE TIED TO CRYPTO. THIS IS A LONG-AWAITED MILESTONE FOR THE ASSET CLASS
SEEN AS A LEGITIMIZING MOMENT. ENTERING THE MAINSTREAM INVESTING LANDS, YOU’VE GOT THE LARGEST ASSET MANAGERS IN THE WORLD. BLACKROCK, FIDELITY ON THAT LIST, IT SEEN AS A WAY TO BRING MORE SAFETY AND STABILITY INTO THESE MARKETS. AGAIN, A BIG MOMENT AND
33 Comments
Yay
Never have any single ETF garnered more attention than this
Yeah.. cash buys a lot of bad stuff too. People buy bad stuff on credit. Thanks Gens
Lets goooooo
Whoooooooo
Nothing beats the real thing!
🥂 Cheers to the OG Hodlers!
holy cow no way!
why would anyone want to buy a very small fraction of just 1 share??!!
I'm really excited. It can be said that we have witnessed history
All the things Gary listed for risks are the same things they do with regular money……
SHIDO Gang assemble
It’s a historic moment for us btc and crypto holders LFG this bullrun going to be epic !!!!!
every single war was funded by dollar, backed by gold.
Let the fake bitcoin sales begin! Lmao, dollars are used for terror funding.
These new approvals…to add "safety and stability" to the markets? Really? I think as a reporter, you should have included that the door is now open for future "Derivatives"…meaning a potential way for TPTB to CONTROL THE PRICES…drawing funds AWAY FROM the actual asset itself: hmmmm…kind of reminds one of how TPTB can CONTROL THE PRICES OF Au/Ag too, does it not? (As only a TINY PERCENTAGE OF THE ACTUAL GOLD/SIVLER METAL is traded vs. the derivatives/paper/synthetic "metal".
Bitcoin and crypto are scams and will be manipulated by government and scammers alike , save your money and stick to traditional ETF !
You have been warned !
Hut8
I’m curious if he was so negative about Bitcoin while teaching his class about crypto. 🤔
So gold and silver will drop?
Many many illicit use cases. What are the legitimate use cases?
👏👏👏👏👏👏👏👏
I still don’t see it being used as a main stream currency.
Terrorists mostly use USD which is much harder to trace than BTC. Gensler is a joke and in the pocket of corrupt politicians.
Let’s buy ETH
Shiba!!
In related news, the Dutch have approved Tulip Bulb ETFs and the French have approved ETFs on the South Seas Land speculation!
Last person out of crypto, please turn out the lights 😂😂😂🤣
To the moon!!!
I was sure last year would end terrible for me but I think AWT77K is spot on with what they do and how they do it. Cant say for how long its going to work and for sure it is overyhped right now but even if just half a year or something it would be smart to ride the wave and then jump away eventually, but the reason why this is smart right now is because its so cheap, wont ever find a better entry than now
Gary and SEC are clownheads, trying to mislead from AWT77K which they can't rly make any debate with, they know they lose like they lost against XRP
Word spreads really fast with AWT77K doesnt it?
Interesting talk about AWT77K I suggest anyone to listen to the guy talking about it in the video. Personally I didnt think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
The SEC is just mad that AWT77K exists this way and that they have to face that and cant hold things longer, time for some last minute buyins on their own end
When stocks and common assets decrease 70-90% AWT77K is actually the counter to that. Hope you guys knew that already, if not you do now