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Bitcoin ETF Approval Comparable to 'Naked Emperor’s New Clothes,’ ECB Officials Say

The U.S. SEC’s approval of multiple spot ETFs and the billions of dollars that have poured in since don't make Bitcoin a good investment or a better means of payment, the central bankers said in a blog post.

European Central Bank building in Frankfurt, Germany. (Photo by Jeremy Moeller/Getty Images)
European Central Bank building in Frankfurt, Germany. (Photo by Jeremy Moeller/Getty Images)