Today, the United States Securities and Exchange Commission (SEC) has officially approved the listing of the first-ever spot Bitcoin Exchange-Traded Funds (ETFs).

Gary Gensler, SEC's Chair said in the Statement on the Approval of Spot Bitcoin Exchange-Traded Products: "While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."

After the episodes of yesterday's massive manipulation we could also ask the SEC, if they are there to take care of the investors, who watch the Watchmen? The real value of Bitcoin is not in this #etf .

$BTC

https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

https://www.sec.gov/rules/sro/national-securities-exchanges