Bitcoin surges to $47.2k for the first time since 4/2022 fueled by Bitcoin ETF Spot news
Everyone’s ready for the official announcement from the SEC.
📝 All 11 S-1 applications have been amended by issuers, updating the fees they’ll charge customers as follows:
- Grayscale ~1.5% fee 💰
- Vaneck ~0.25% fee 💸
- Bitwise charges the lowest fee at ~0.24%
SEC Chairman Gary Gensler tweeted a warning about investing in Crypto, highlighting key points
- Crypto companies and issuers might not comply with current laws, including federal securities laws. Crypto investors might not be protected by existing laws 🚨
- The Crypto market is fraught with risks and high volatility 💹
- Scams, Ponzi schemes, etc., are increasingly prevalent 🚩
📆 With these messages from the SEC chairman, it’s almost certain that the Bitcoin ETF Spot will be approved by 10/1 at the latest. Let’s await this historic moment for Bitcoin.
