Bitcoin ETF Demand Fuels “Certified Crypto Expert” Courses

With the growing demand for Bitcoin ETFs, many market participants are now trying to understand the crypto sphere more. In the middle of heightened demand, many people are trying to use courses to become crypto experts. Bloomberg highlights that to understand the financial tricks of the digital sphere, many people are jumping on the bandwagon of “certified crypto” courses.

Fake Crypto Courses on Rise

Apart from the good and worthy courses, Bloomberg highlights that many fake courses are also on the rise. It added pupils need to understand that certain certificates are merely financial tricks. A crypto-education program has been directly connected to an alleged scam in at least one of the five instances of purchase. Last month, the US Securities and Exchange Commission announced a settlement with Brian Sewell, the creator of the American Bitcoin Academy, an online trading course. According to the agency, Sewell deceived 15 students out of almost $1 million by convincing them to participate in a fictitious hedge fund.

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Bitcoin ETF Demand Spurs Crypto Course Demand

Since the first batch of ETFs investing directly in Bitcoin were approved in the US, there has been a 30% increase in inquiries about the certification courses offered by the Digital Assets Council of Financial Professionals, according to founder Ric Edelman of Edelman Financial Engines. The record-breaking gain in Bitcoin this year has sparked interest in many groups that are trying to fill the gap created by the lack of a widely recognized professional degree in the cryptocurrency industry, according to Bloomberg.

Bitcoin ETF Rise

The movement toward Bitcoin ETFs has only picked up steam in recent days, as evidenced by a noticeable spike in inflows into certain funds like Fidelity’s FBTC and the U.S. Spot Bitcoin ETF. Inflow data saw a notable uptick on March 15th when compared to the days before, indicating growing investor interest.

The significance of this surge increases when compared to withdrawals from well-known Bitcoin investment vehicles such as BlackRock’s IBIT and Grayscale’s GBTC. The persistent inflow patterns highlight Bitcoin’s ongoing appeal as a profitable investment option that attracts the attention and funds of clever investors all over the world.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.