— BUZZ, Dave Portnoy
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.
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— BUZZ, Dave Portnoy
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.
Many cryptocurrency stocks fell following approval of the new spot-based bitcoin ETFs in the US, including MicroStrategy and Coinbase.
In her criticism of the approved Bitcoin ETFs, Crenshaw focused on fraudulent information, wash trading, and reasoning by ETF sponsors.
The SEC claimed the fake bitcoin ETF post was not drafted or created by the agency and that a joint investigation with the FBI is underway.
Commissioner Hester Peirce critiqued the SEC's "begrudging" approval of 11 spot bitcoin ETFs, which provided plenty of fodder for memes.
Is the SEC faking a hack to delay a spot bitcoin ETF decision? Crypto sleuths investigate a curiously well-timed spoof.