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Crypto wrap: Calm after the ETF storm

Montage of cryptos
GRIP Montage: Getty Images

Carmen Cracknell

2 min read
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After a heated week in the cryptosphere following the SEC’s approval of bitcoin ETFs, hype has died down and old divisions remain.

The announcement of the approval of 11 bitcoin ETFs led to a short-lived spike in prices and unbridled optimism about the potential for other future ETFs and for mass adoption and acceptance of crypto within the financial system.

Money laundering, sanctions, ransomware

Despite this, SEC Chair Gary Gensler’s hardline stance on

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