This isn't to imply that taking a leap of faith to believe that firms will not defraud shareholders isn't necessary. Enron and Worldcom, for example, serve as stark reminders that public companies must be thoroughly investigated before faith can be placed in them. We must not overlook the level of faith required to assume that the Federal Reserve will not debase the US dollar. The Fed's many rounds of quantitative easing and efforts to keep interest rates low have harmed the dollar's underlying value during the last 15 years. The Fed's balance sheet has grown from $800 billion in 2006 to more than $8 trillion in the process.
Volt Equity's ETF, which aims to track companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities like mining, lending, or manufacturing mining equipment, has been approved by the US Securities and Exchange Commission, according to Tad Pak, the fund's CEO.
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