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Crypto Bro Apocalypse: Mainstream Mules Wanted to Carry Grayscale’s Toxic Investments Into Your Grandma’s 401k

A  illustration of an apocalyptic landscape with crumbling skyscrapers, shattered screens and broken robots in the background. A giant cryptocurrency chart crashes down on top of a pile of money bags labeled '401k' while a silhouette figure representing grandma is seen walking away from it all.

The crypto bros are at it again, and this time they’re trying to mainline the mainstream with their precious index funds. Grayscale just filed for an ETF listing on NYSE Arca, which will inevitably be peddled as a ‘safe’ investment option by crypto salesbots. Meanwhile, we have Nouriel Roubini warning us that .

Source: cointelegraph

NYSE Arca, a securities exchange, asked United States regulators for permission to list a Grayscale exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, according to an Oct. 29 filing. The Grayscale Digital Large Cap Fund, which was created in 2018 but is not yet exchange-traded, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), and Solana (SOL), among others. It currently holds approximately $565 million in assets […]

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