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SEC Reissues Warning About FOMO Crypto Investing Ahead of Spot Bitcoin ETF Approval

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Cointelegraph
572Words
Jan 7, 2024

The United States Securities and Exchange Commission (SEC) has reissued a warning about FOMO crypto investing just days ahead of the anticipated approval of spot Bitcoin exchange-traded funds. The warning mentioned celebrities and athletes promoting crypto assets, urging investors not to make financial decisions simply because popular figures were touting an investment opportunity. Additionally, the report warned investors of the potential volatility associated with assets that swing heavily due to
“trends and influencers,” saying that while they can be appealing at first, losses often stack up quickly as the market moves on without them.

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