SEC Statement on the Approval of Spot Bitcoin Exchange-Traded Products
sec.govFantastic quote:
Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7]
To poke a nest, which other assets are used for the aforementioned activities
Paper money and gold through the hawala networks. Both have ETFs.
Where can I invest in paper money ETF?
I meant that currencies that etfs :)
Hawala networks don’t have ETFs.
Gold does. The analogy holds.
More discussion: https://news.ycombinator.com/item?id=38943291