Nate Geraci, president of ETF Store, has suggested that Facebook and Instagram could be on the verge of a significant change in their advertising policies, particularly regarding Bitcoin ETF ads.
This change looms in the context of the U.S. Securities and Exchange Commission’s (SEC) recent approval of several Bitcoin ETF applications, including proposals from investment giants such as BlackRock, Ark Investments and Fidelity.
The SEC’s approval of Bitcoin ETFs has sparked a wave of discussion about how advertising strategies in the financial industry might adapt to this new development. Industry experts, such as Andrew Bond of Rosenblatt Securities, see this as a positive step towards the institutionalization of Bitcoin. However, there are divergent opinions, such as that of CNBC host Jim Cramer, who considers Bitcoin a risky asset compared to gold.