In mounting anticipation surrounding the long-awaited approval of spot Bitcoin ETF applications by the US Securities and Exchange Commission (SEC), Bitwise Invest has boldly released a commercial starring Jonathan Goldsmith.

 Bitwise Invest’s Bitcoin ETF Ad

Bitwise Invest, one of several asset management firms awaiting SEC approval, seeks to capitalize on the growing interest in cryptocurrencies by launching a spot Bitcoin ETF. 

The commercial, featuring Goldsmith, aims to capture attention and intrigue, highlighting the actor’s famous catchphrase: “You know what is interesting these days? Bitcoin.”

While the commercial highlights the imminent launch of a spot BTC ETF, it also emphasizes Bitwise Invest’s position in the crypto ETF space. Unlike larger asset management players, Bitwise has been actively offering cryptocurrency ETF products for several years.

However, former Securities and Exchange Commission official John Reed Stark has strong reservations about Bitcoin Spot ETFs. 

Exploitation In Bitcoin Spot ETFs? 

In a recent statement, Stark criticized the “sponsors and promoters” of these Bitcoin ETFs, questioning their claims of benefiting the “unbanked,” promoting decentralized finance, and fostering innovation. 

Stark argues that a Bitcoin Spot ETF represents a centralized system with potential risks and lacks consumer protection and regulatory oversight. Furthermore, he highlights the association of cryptocurrencies with alleged criminal activit

Go to Source to See Full Article
Author: Ronaldo Marquez

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details