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The trade war over spot bitcoin (BTC) exchange-traded funds (ETFs) continues and intensifies, after the U.S. SEC authorized their issuances and trading on U.S. stock exchanges.
In the last few hours, at least three companies issuing spot bitcoin ETFs released ads on their social media profiles promoting their financial products and urging investment in them.
This is the case of Grayscale, one of the most important ETFs in terms of BTC supply. The company released its 17-second commercial inviting investors to diversify their assets.
So did VanEck, another of the companies authorized by the SEC to issue spot bitcoin ETFs. In 30 seconds, he urged investors and users in general to bet on his ETF, which is already traded on U.S. stock exchanges.