Spot Bitcoin trading ETF was not approved by SEC

Spot Bitcoin trading ETF was not approved by SEC. It is just SEC twitter was compromised and the tweet was unauthorized.

Bitcoin does not have properties of currency and mainly it is not backed by any government. Even it does not have intrinsic value similar to Gold and Silver where people like to use gold ornaments and silver made things.

So as per us it is not wise decision to invest in Bitcoins.

In our opinion, mainly these type of crypto currencies can be used to shift black money from one country to another country by hiding from government.

The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

— Gary Gensler (@GaryGensler) January 9, 2024