SEC busts VanEck for using Dave Portnoy to pump BUZZ ETF

VanEck has agreed to pay $1.75 million to resolve allegations that it used an influencer to promote its BUZZ ETF.
VanEck has agreed to pay $1.75 million to resolve allegations that it used an influencer to promote its BUZZ ETF.
The laser eyes have been replaced with an abstract pattern and the tagline ‘hello progress,’ which was used in a previous marketing campaign.
Fund managers like Proshares and Grayscale are announcing interest-bearing spot bitcoin ETFs that promise generous dividends.
Despite over $10 billion in trading volume and SEC approval of 11 bitcoin ETFs, bitcoin itself has lost tens of billions of dollars.
In two days of trading last week, the new SEC-approved spot bitcoin ETFs attracted approximately $819 million of net new cash inflows.