Key Points
The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circlesand a surge in crypto prices...
These funds would track the price of bitcoin, making them the closest thing to investing in the crypto token directly without dealing with a crypto exchange or storing crypto manually, a process fraught with risk...
On October 16, crypto outlet CoinTelegraph issued a retraction and apology after putting out an erroneous post on X announcing the approval of the first spot bitcoin ETF in the US, based on a screenshot posted by an X user, which led to a buying spree that increased the price of bitcoin by 10 percent...
Figures from research firm Fineqia suggest the volume of crypto trading activity has surged in response to speculation over the approval of a spot bitcoin ETF and its market impact..
The crypto industry will keep churning out FTXs and people will keep investing because its a spectacle, he says.. But whether or not bitcoin is differenta mature asset whose legitimacy would be cemented, as Mow claims, by an ETF approvalthe relentless speculation surrounding it will expose investors to risk..
