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SEC warns investors of the risks with Bitcoin futures


11 Jun 2021

#Bitcoin

The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading - citing market volatility, a lack of regulation and fraud to name a few issues. In a June 10 Investor Alerts bulletin, the SEC outlines key points that investors should “carefully consider” before investing in a fund that buys or sells Bitcoin futures.

“Investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment,” the bulletin read. This latest Bitcoin-related risk warning from the SEC follows up on a note it sent out last month, warning investors “interested in investing in a mutual fund with exposure to the Bitcoin futures market” to think twice due to the risks.

The latest warning notes that while investments in all types of funds involve risk, funds that “buy or sell Bitcoin futures may have unique characteristics and heightened risks compared” to others: “Investors should consider the volatility of Bitcoin and the Bitcoin futures market, as well as the lack of regulation and potential for fraud or manipulation in the underlying Bitcoin market.”


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84% 26 $67 001.57 1.11% 4.38% $1 319 220 050 398 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.4% 50 $3 269.95 2.96% 4.84% $399 088 262 772 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000034 -0.07% -0.04% $110 467 259 259 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 17 $607.40 1.15% 11.24% $90 826 163 711 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 69.6% 67 $159.18 2.91% 12.02% $71 162 854 168 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $1.000026 0% -0.02% $33 664 207 208 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 72% 60 $0.550866 0.80% 10.15% $30 368 762 013 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 69.6% 58 $0.162995 3.48% 2.88% $23 473 306 910 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 66.8% 65 $5.88 1.88% -10.75% $20 397 794 338 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 67.6% 63 $0.506571 -0.33% 9.20% $18 051 136 275 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 60.8% 82 $0.000027 4.00% 19.26% $16 107 042 382 SHIB 7 days price change
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14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 85.6% 24 $66 992.64 0.88% 4.44% $10 409 566 285 WBTC 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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