The Block15 minutes ago

Published on January 08, 2024 16:16 GMT+00:00edited on January 08, 2024 16:19 GMT+00:00

Securities and Exchange Commission Chair Gary Gensler has a few tips for crypto investors, offering up "some things to keep in mind" as the broader market eagerly awaits any news from the regulator about whether or not it will approve the dozen applications its received for the first spot bitcoin ETF. 

"Investments in crypto assets also can be exceptionally risky & are often volatile," he wrote in a post on X. "A number of major platforms & crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk."

While Gensler didn't mention any of the proposed ETFs, the timing of his thread on X quickly raised eyebrows in crypto circles as his comments came just hours after asset managers including BlackRock, Ark …