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SEC Greenlights ProShares Bitcoin Futures ETF, BTC Price Nears ATH

SEC Greenlights ProShares Bitcoin Futures ETF, BTC Price Nears ATH



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3 Comments

  1. **These future ETFs are a shitshow**. SEC knows if they approved an *asset-backed quality bitcoin etf*, bitcoin would soar like hell bringing bitcoin to $200k-$400k in a matter of weeks.

    And as you can certainly imagine there are some reasons this is not wanted:

    **1) Banksters haven’t yet accumulated enough**

    **2) Too many unknown whales outthere**

    **3) Way too many retail investors with way too much wealth in the end.**

    The products getting approval now **have nothing to do with actual bitcoins**. On top they come with heavy [downsides](https://www.reddit.com/r/Bitcoin/comments/q4hpcy/z/hg0jm11) I strongly recommend to look into. In fact to me it’s quite obvious. Their sole purpose of being created and sold is keeping the crowd as far as possible away from **the actual investment of the millennium, Bitcoin itself**. And while everybody institutional is busy overcoming the remaining hurdles and getting into this derivate shit for their average Joe customers, in the background the privileged quietly and secretly keep stacking actual Bitcoin for highly undervalued prices. Until their greed is satisfied (which will never be) and the future etf bubble of hope pops as well, revealing bitcoins true price in some years. Which will be a lot higher then they’ll in between pretend it to be.

    This is why I won’t stop calling them out. They won’t get away with this. They won’t fool millions of people out of real bitcoin into some cowshitvalued investment piece of crap. Remember my words. Fiat money’s time is running out. And all of these fraudy banksters will fuckin go down with it. Remember my words.

    *People don’t be stupid! Keep stacking real bitcoins. And hodl. Sure, they’ll fight us…but in the end we’ll win*

  2. tldr; The US Securities and Exchange Commission has approved the registration of securities from ProShares Trust’s Bitcoin (BTC) exchange-traded fund. Notably, the aforementioned ETF offers exposure to the premier crypto asset via futures contracts. ProShares has also filed a post-effective amendment prospectus, indicating that its Bitcoin Futures

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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