If we all just remember from a few weeks ago where we suddenly had the news breaking in of the many newly filed ETFs by those big financial institutions, being rejected by the SEC. Or at least that's what the many headlines were talking about and we all know that those media sites are just for clicks⦠Prior news of rejection that was actually just due to this one remaining condition of a SSA partner Obviously there was fear in the whole market and Crypto prices even plunged down temporarily until people finally started to read the whole articles. It seemed like the SEC was not rejecting shit, but the complete opposite, they had already read through all the applications and where now moving to the next phase by asking about a proper exchange that will be linked to those ETFs in form of a SSA. Real news of them just adding Coinbase as their SSA-partner So once again it was all just unnecessary overreactions and FUD that was spread in the markets. Weeks after that we now have all five big institutional ETFs from BlackRock to Fidelity being refiled with Coinbase as their new exchange name. It all just took one more sentence added to their filings and all the drama is gone, just shows that the next time before making any financial decisions we should at least read more than the headline. [link] [comments] |
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