That moment has come for Bitcoin! Warning from the SEC on ETF week _

The U.S. Securities and Exchange Commission (SEC) will make a critical decision by Wednesday to finalize ARK Invest's Bitcoin spot ETF application. The Authority will either approve or reject the application. Experts believe that the SEC will make a collective decision for all applications.

They said, "Don't get caught up in FOMO"

Before this decision, which was eagerly awaited by the financial world as well as the crypto universe, a meaningful warning came from the SEC. In its official statement, the institution used the following statements:

"Recently, we have seen a huge increase in online investments. Digital and meme stocks are booming, and it may not be easy to understand. Meme coins, or meme stocks, can go up or down based on popularity on the internet, not a company's performance. And let's not forget about NFTs. Just because others are investing in something doesn't mean that it will create a good opportunity for you or others. Don't get caught up in FOMO"

The last day for S-1 files is today...

Companies that filed for spot Bitcoin ETFs with the SEC filed their 19b-4 filings on Friday, a crucial step on the way to the fund's approval. It is stated that today is the last day to update the application files, also known as S-1.

If approved on Wednesday, these ETFs can be opened for trading on Thursday or Friday.

Published: January 8, 2024 13:07Last Updated: January 8, 2024 13:23

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