The recent approval of Spot Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has stirred a heated debate, with Better Markets, a non-profit organization advocating financial reform, expressing strong opposition. The organization has raised concerns about potential harm to investors, markets, and financial stability.

Better Markets CEO Dennis Kelleher: Bitcoin ETF is “Historic Mistake”

In an official statement, Dennis Kelleher, Co-founder, President, and CEO of Better Markets, called the SEC’s decision a “historic mistake.” He criticized the approval, stating that it will pave the way for the mass marketing of a known…

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