FT: Crypto may have become boring, but it still isn’t legit
The SEC’s approval of 11 bitcoin ETFs is not as meaningful as aficionados would like to think
It was easy to poke fun at crypto back in late 2022. The market had tanked by about two-thirds in the space of a year; many of the industry’s biggest companiesand coins had collapsed into oblivion, their flagrant practices exposed; and the bubble that had driven receipts for pixelated images of apes (remember NFTs?) to sell for millions of d…