Bitcoin ETF Flops, Peter Schiff Proclaims ‘I Told You So’
In the wake of the underwhelming launch of the first spot Bitcoin exchange-traded fund (ETF) in the United States, economist and prominent Bitcoin critic Peter Schiff has taken the opportunity to rub salt in the wounds of the crypto community. Schiff has long been a critic of Bitcoin and warned that the recent approval of 11 spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) would lead to a classic ‘buy the rumor, sell the news’ event.
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