SECInvestingResolution 5: Say “NO GO to FOMO”
The US Securities and Exchange Commission (SEC) recently published a detailed report on platform X, warning investors to say there is no "FOMO" in the "digital asset" market. FOMO (abbreviation of 4 English words 'Fear of Missing Out') means fear of missing out on an opportunity. In the report, the SEC encourages investors to be careful before participating in the cryptocurrency market. According to the SEC, digital assets are currently "complex" and full of problems, which can be dangerous for unskilled investors. With the possibility of approvals increasing, many e-advisors are looking forward to licensing the Bitcoin ETF Spot. The approval of the Bitcoin ETF Spot is widely anticipated. They believe this could introduce new capital into the cryptocurrency market. This feeling of euphoria has caused Bitcoin prices to experience a surge in recent times. As reported by Fox Business, BlackRock, along with Grayscale Investments, Valkyrie, ARK 21Shares and Invesco, is one of the companies that has completed updating the filings for its Bitcoin ETF Spot. Additionally, Cboe BZX, the exchange, has supported similar forms for VanEck, WisdomTree, Pando Asset AG and Franklin Templeton in the last week. Also according to this report, BlackRock, the world's largest asset management company, forecasts that the SEC's approval of their Bitcoin ETF Spot application will take place next Wednesday.
