In a nod to the potential approval of a Bitcoin exchange-traded fund (ETF), a Bitcoin user has inscribed a message into the blockchain. The message, confirmed on Jan. 9 at 7:24 pm UTC, reads, “SEC Chairman on the brink of second ETF approval.” This act mirrors that of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, who etched the phrase “Chancellor on brink of second bailout for banks” into the inaugural Bitcoin block. Both messages were placed in the OP_RETURN field of their respective transactions, ensuring their preservation in the Bitcoin blockchain.
Despite the message’s implication, the United States Securities and Exchange Commission (SEC) has not approved a single spot Bitcoin ETF. The SEC did, however, greenlight the first Bitcoin futures ETF in October 2021. This could explain why the Jan. 9 message refers to a “second ETF approval” on the horizon, rather than the first. The term “second” might also have been used to echo Satoshi’s original message.
Meanwhile, the world of blockchain funding is evolving, with a shift from utility to equity tokens in Web3. Equity tokens offer a more secure and transparent method of raising capital, and tokenization solution provider Brickken is streamlining the process of issuing these tokens. Asset tokenization, or the creation of digital tokens on a blockchain, is a growing trend that is just beginning to impact traditional finance. This trend could revolutionize capital markets.
Tokenized assets have already carved out a $75 billion market, with the potential to reach $10 trillion by 2030. This could extend to asset classes such as private equity, corporate debt, real estate, and fine arts. Utility tokens previously made headlines during the initial coin offering (ICO) boom of 2017, with blockchain networks and projects like Ethereum, Cardano, Filecoin, and Chainlink benefiting from ICO events. However, the ICO surge also attracted projects that failed to define their tokens’ utility, with some turning out to be scams.
In a related development, a message was posted on the SEC’s X account stating that all spot Bitcoin ETFs had been approved. This turned out to be false, with SEC Chair Gary Gensler quickly refuting the claim and revealing that the regulator’s account had been hacked. Three U.S. senators have since requested a report from Gensler on how the breach occurred.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Gary Gensler, Satoshi Nakamoto |
| Companies | United States Securities and Exchange Commission, Brickken |
| Currencies | Cardano, Ethereum, Bitcoin, Filecoin, Chainlink |
| Securities | None |
