Re:$130B wiped off crypto markets in 24 hours
by dpark on Monday January 24, 2022 @09:37AM
(#30058075)
Yes, it’s truly criminal that the SEC hasn’t approved more ways for speculation in cryptocurrency. It’s not as if an Average Joe can just go out and buy cryptocurrency or something. Can you imagine what the market volatility would be if cryptocurrency proponents were allowed to convince naïve people to invest their money, too?
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Re:$130B wiped off crypto markets in 24 hours
by inter_netuser on Tuesday January 25, 2022 @04:54AM
(#30070110)
a SEC approved spot ETF is needed for institutional access, not retail. Several countries have already approved such vehicles, and nobody imploded.
Retail is already all the way in. Institutions have mandates that restrict them to trading venues, types of instruments, jurisdictions (some can only invest domestically, and so cannot use foreign ETFs), and so on and so on.
There is a reason why MSTR was able to raise mountains of debt to buy Bitcoin.
It's all institutional money.