Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

– The global trading community continues to ask one question: When will a spot Bitcoin (BTC) ETF go live in the United States?
– According to some ETF analysts, a spot Bitcoin ETF could become real in mid-2023, following years of rejection by the U.S. Securities and Exchange Commission (SEC).
– Despite the SECs apparent unwillingness to allow such a product, industry players like Grayscale continue to actively push for a spot BTC ETF.
– A potential approval of a spot Bitcoin ETF by the SEC remains one of the most anticipated events in the community.
– A spot Bitcoin ETF would open up the crypto market to institutional and retail investors who are currently excluded from participating in the digital asset space.
– There is a huge variety of ETFs linked to asset derivatives like futures or contracts combining stocks of major companies in the crypto industry.
– Crypto ETFs have been growing increasingly popular, with total assets invested in crypto ETFs and exchange-traded products (ETP) hitting $16.28 billion by the end of Q1, according to data compiled by the ETF research firm ETFGI.

 

 

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains
Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains 2

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