From Nasdaq, Inc.:

Economist Peter Schiff predicts a potential drop in Bitcoin’s value after the SEC approved several spot Bitcoin ETFs, heralding stricter crypto regulations. Schiff anticipates new regulations that will increase transaction costs and undercut Bitcoin’s utility. This criticism comes as new Bitcoin Spot ETFs traded heavily, with approximately $10 billion moved in just three days. SEC sanctioned Spot ETFs from major financial players including Grayscale’s Bitcoin Trust and products from Bitwise, Hashdex, and others. At present, BTC is trading at $42,854, up 0.15% in the last 24 hours. An analyst says Bitcoin ETF volumes of $10 billion in the first three days dwarf the combined 2023 launches. Grayscale’s Bitcoin Trust and products from Bitwise, iShares, and others win SEC approval for spot Bitcoin ETFs. The wave of approvals from key financial players raised trading volume. BTC is trading at $42,854, up 0.15% in the last 24 hours.



Read more: ‘Sharp’ Bitcoin Fall Coming? Peter Schiff Says SEC’s Gary Gensler ‘Will Soon Introduce New Onerous Crypto Regulations’