Bitcoin Spot ETF buzz

Bitcoin Spot ETF buzz

By Yugocean | Crypto Champion | 31 Dec 2023


     The Bitcoin Spot ETF is about to be approved in the US, and there is a lot of buzz about it.


Gary Gensler of Bitcoin Security

     Gary Gensler is a billed adversary of the crypto sector, but he avoids the subject of Bitcoin and calls it a commodity. The SEC has already approved Bitcoin Futures ETFs, and now it is even ready for Spot ETFs. This accreditation from the SEC is Gensler's attempt to consider Bitcoin as a security.


The mood of anti is changed in favour

     The US industry was staunchly opposed to Bitcoin, but now Wall Street has joined in, given the potential to attract investors through spot ETFs. For example, staunch Bitcoin sceptic Larry Fink has not only filed for an ETF for his company, BlackRock, but has also made anti-Bitcoin Jamie Dimon's JPMorgan join in.

 


Ad World Revenue 

      Bitcoin spot ETF isn't official yet, but many companies have released teasers for their promotional advertisements. TV stations, ad marketers, video services, and vloggers will all profit from an advertising war between rival companies, which will directly or indirectly make Bitcoin as a source of income.

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