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Spot Bitcoin ETF Surge Should Not Distract From Ongoing Risks, Experts Say

Regulators still have it in for cryptocurrency, and smaller investors have a steep learning curve in a highly volatile market
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Spot Bitcoin ETF Surge Should Not Distract From Ongoing Risks, Experts Say
A banner for the newly listed ProShares Bitcoin Strategy ETF hangs outside the New York Stock Exchange (NYSE) in New York City, on Oct.19, 2021. Spencer Platt/Getty Images
Michael Washburn
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The rejoicing in the financial markets over the Securities and Exchange Commission’s (SEC) Jan. 10 approval of the spot Bitcoin exchange-traded fund (ETF) signals broad global sentiment that could make 2024 the most successful for cryptocurrency to date, investors and market analysts have told The Epoch Times.

Following the SEC’s about-face on spot Bitcoin ETFs, after having rejected more than 20 applications from various exchanges in the years from 2018 to 2023, the products have traded at a volume that surpassed almost all expectations.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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