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<ul> 
 <li>Senator Elizabeth Warren voices concerns about SEC’s approval without proper regulations.</li> 
 <li>Spot Bitcoin ETFs surpass $4 billion in historic first-day trades.</li> 
 <li>Top performers BlackRock and Fidelity take the lead, with Hashdex in the rear.</li> 
</ul> 
<p>US Senator Elizabeth Warren (D-MA) criticized the Securities and Exchange Commission (<a href="https://www.sec.gov/" target="_blank" rel="noreferrer noopener nofollow">SEC</a>) for approving Bitcoin spot ETFs without ensuring compliance with basic anti-money laundering regulations. Specifically, Warren expressed concern about cryptos delving deeper into the financial system without adhering to fundamental anti-money laundering rules.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECgov</a> is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision.<br><br>If the SEC is going to let crypto burrow even deeper into our financial system, then it's more urgent than ever that crypto follow basic anti-money laundering rules.</p>— Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1745561648218112249?ref_src=twsrc%5Etfw">January 11, 2024</a>
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<p>Warren’s stance has previously been met with opposition from investors, and Senator Thom Tillis (R-NC) rejected her proposed anti-money laundering digital asset law. In December 2023, Warren wrote a letter to the <a href="https://us-blockchain.org/home/about-us/" target="_blank" rel="noreferrer noopener nofollow">United States Blockchain Association</a>, voicing her concerns about lobbying by the crypto community.</p> 
<p>Amid this reaction, Spot Bitcoin exchange-traded funds (ETFs) have made a <a href="https://cryptonewsland.com/sec-greenlights-spot-bitcoin-etfs-a-milestone-for-crypto/" target="_blank" rel="noreferrer noopener">roaring entrance</a> into the market, recording a staggering trading volume exceeding $4 billion on their inaugural day.&nbsp;</p> 
<p>Bloomberg Intelligence’s ETF analyst, James Seyffart, reported that BTC spot ETF trading volume <a href="https://cryptonewsland.com/record-trading-volumes-on-day-1-of-spot-btc-etf-launch/" target="_blank" rel="noreferrer noopener">surged past $4.6 billion</a> on the first day of trading, with Grayscale Bitcoin Trust contributing over half of the total volume at more than $2.3 billion.</p> 
<p>Seyffart noted, “It is easy to argue that much of this volume is due to sales of GBTC and purchases of other ETFs.” Grayscale’s BTC Spot ETF has undergone a conversion from its previous product.</p> 
<p>Excluding Grayscale, BlackRock’s iShares BTC Trust secured the top spot with a trading volume of $1 billion, followed by Fidelity’s Fidelity Wise Origin BTC Fund at $700 million.</p> 
<p>On the flip side, Hashdex’s Bitcoin ETF reported the lowest first-day trading volume, falling below $10 million. Notably, Hashdex clarified that their Spot Bitcoin ETF (DEFI) is currently a pure futures product, lacking any spot Bitcoin holdings. The company plans to alter its name and investment strategy to incorporate spot BTC in its portfolio.</p> 
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 <li><a href="https://cryptonewsland.com/warren-buffett-jamie-dimon-bet-hard-in-crypto-after-years-of-denial/">Warren Buffett, Jamie Dimon Bet Hard in Crypto After Years of Denial</a></li>
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<p>The post <a href="https://cryptonewsland.com/elizabeth-warren-criticizes-the-sec-as-bitcoin-etfs-make-history/">Elizabeth Warren Criticizes the SEC as Bitcoin ETFs Make History</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Elizabeth Warren Criticizes the SEC as Bitcoin ETFs Make History

Crypto News Land

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