The U.S. Securities and Exchange Commission Approves First-Ever Spot Bitcoin Exchange-Traded Funds As Cryptocurrency Moves Mainstream
The U.S. Securities and Exchange Commission (SEC) has reportedly approved the first spot bitcoin exchange-traded funds (ETFs), signifying significant progress in the integration of cryptocurrency into mainstream financial markets.
You can debate over its final form factor, but one thing that is not up for debate is that the biblical Mark of the Beast we see in Revelation 13 is an implantable device that controls the buying and selling of goods and services on the global market. Simply put, the Mark is an human-implantable object that functions like a debit card, and you use it in exactly the same way. One main difference is that, without the Mark, you will not be allowed access to the global financial system. Bitcoin and crypto are part of the bridge between the end of the Church Age and the start of the time of Jacob’s trouble. The SEC just approved its first-ever spot bitcoin EFT, and Bob’s your uncle.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)
If you’ve been paying even scant attention, you have noticed the following things to be true by now. 1). the world is run on the internet, 2). the people of the world are intractably connected to their mobile devices, 3). those devices are powered by apps, and 4). just about everyone is already buying and selling digitally. A quick look in Webster’s 1828 dictionary tells you that the word crypt means “A subterranean cell or cave, especially under a church for the interment of persons; also, a subterranean chapel or oratory, and the grave of a martyr.” So cryptocurrency is connected to the grave of dead Tribulation saints who will refuse the Mark for obvious reasons, and be killed as martyrs.
SEC Approves First Spot Bitcoin ETFs, Signaling Major Shift in Crypto Regulation
FROM BREITBART NEWS: The Financial Times reports the Securities and Exchange Commission’s recent decision to approve spot bitcoin ETFs marks a significant change in the commission’s stance on cryptocurrency. The approval of eleven ETFs from a combination of established financial organizations and digital finance newcomers has cleared the path for a more regulated and accessible route for investing in bitcoin.
Jad Comair, CEO of Melanion Capital – the first company to launch a Bitcoin-themed ETF in the EU – highlighted the significance of this move, stating, “It’s a huge milestone; it’s recognition of bitcoin being a large-scale traditional investment. We’re opening the doors to Wall Street.”
For nearly a decade, the regulator has been resistant to approving such ETFs due to concerns around the susceptibility of cryptocurrencies to manipulation and fraud. However, last year, the crypto asset manager Grayscale successfully challenged the SEC’s rejection of an earlier spot bitcoin application, and a federal appeals court ruled in August that the decision was “arbitrary and capricious.”
This ruling put pressure on the SEC to reevaluate their stance, ultimately leading to their recent decision to approve spot bitcoin ETFs.
Cathie Wood of Ark Invest, emphasizing the goal of accessibility, mentioned, “We want to make sure that we provide access and make it as accessible as possible… We are not looking to maximize profits on this. We’ve got other actively managed products that will help us.”
In a new approach, these funds will use cash to create and redeem new shares, differing from the usual practice of in-kind transactions involving their underlying assets. With the launch of spot bitcoin ETFs, U.S. investors can now have direct exposure to bitcoin through a regulated product, mitigating risks associated with unregulated exchanges and the higher costs of bitcoin futures ETFs. This development is expected to add a new vitality to the most popular and liquid crypto token, with the U.S. joining other markets in offering investment in bitcoin. READ MORE
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