Approving Bitcoin ETF Would Be a “Historic Mistake,” Says Better Markets CEO

Bloomberg ETFs analyst James Seyffart at variance with THE letter, declaring that deny THE place Bitcoin ETFs would be be A "criminal move."

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Dennis Mr. Kelleher, CEO of non-profit organization Better The steps, has exhorted THE United States Securities And Exchange Commission (SECOND) has not approve A place Bitcoin exchange traded funds (ETF). He argued that he go against THE heart principles of THE regulatory body.

In A letter address has SECOND secretary Vanessa Compatriot on Jan. 5, Keller underlines that if THE SECOND were has approve A place Bitcoin ETFs he could lead has investors focused towards significant risks:

"We submit This additional comment letter (which Better Markets very rarely do) because he would be be A fall if not historical error almost certainly leading has A massive investor harm if THE SECOND approved THE on hold ruler change. »

Letter address has SECOND secretary Vanessa Compatriot. Source: Better markets

Keller argued that THE propose product would be subject investors has THE risk of potential fraud, A concern that has has been partner with THE crypto industry Since It is creation.

"THE approval of these place Bitcoin AND P would be not only expose investors has A walk thoroughly contaminated with fraud And handling," he said.

This come in the middle of Cointelegraph recently report that on 324,000 crypto users fell victim has Phishing scams In 2023, with around $295 million In digital assets lost has wallet drainers.

In the meantime, Keller further explain that he would be Also enable THE crypto industry has claim that their some products are NOW approve...