Fitch Ratings flags Bitcoin-backed securities for ‘high market value risk’

Fitch Ratings has raised concerns about Bitcoin-backed securities, highlighting their "high market value risk." The agency noted that the volatility of Bitcoin could significantly impact the value of these securities, making them less stable investments. Fitch emphasized that the inherent risks associated with cryptocurrency could lead to substantial losses for investors. As a result, they recommend caution for those considering investments in Bitcoin-backed financial products.

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