The booming interest in Bitcoin exchange-traded funds (ETFs) is fueling demand for cryptocurrency education, according to Bloomberg. With the first batch of Bitcoin ETFs receiving approval in the United States, inquiries about certification courses from the Digital Assets Council of Financial Professionals have jumped 30%.
Bloomberg reported that the record-breaking rise in Bitcoin this year has sparked interest in many groups trying to fill the gap from the lack of a widely recognized professional degree in the crypto industry.
However, caution is warranted as fake “crypto expert” courses have also proliferated. The U.S. Securities and Exchange Commission recently settled with Brian Sewell, creator of the American Bitcoin Academy online trading course. Sewell allegedly defrauded 15 students out of nearly $1 million by convincing them to invest in a fictitious hedge fund.
The appeal of crypto education tracks the momentum behind Bitcoin ETFs. Inflows into funds like Fidelity’s FBTC and the U.S. Spot Bitcoin ETF spiked on March 15th compared to prior days.
In contrast, withdrawals hit well-known vehicles like BlackRock’s IBIT and Grayscale’s GBTC, underscoring Bitcoin’s continuing status as a lucrative investment attracting savvy investors worldwide.
