Brother, Can You Spare a Potcoin?
Brother, Can You Spare a Potcoin? | |
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| Brother, Can You Spare a Potcoin? By John Persinos
The U.S. Securities and Exchange Commission (SEC) triggered an earthquake in the investment landscape on Wednesday, giving the green light to rule changes that open the doors for the creation of spot Bitcoin (BTC) exchange-traded funds (ETFs). The SEC said it approved 11 applications from major asset managers for the first U.S.-listed ETFs to track Bitcoin, including from BlackRock (NYSE: BLK), Ark Investments/21Shares, Fidelity, Invesco, and VanEck. Below, I'll explain what the financial mainstreaming of crypto means for the marijuana industry. I'll delve into the commonalities between cannabis and crypto, examining their convergence from social, political, and investment perspectives. I'll also explore the rise of "potcoins." All eyes on the SEC's decision… A spot Bitcoin ETF allows investors to gain exposure to the price of Bitcoin without the complications and risks of owning Bitcoin directly. Read More... |
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