Hi all,
U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency.
With Spot Bitcoin ETFs closely tracking the underlying Bitcoin, industry specialists predict some short-term volatility. The sheer size of these ETFs, coupled with the influx of significant assets under management, presents challenges and opportunities. Applicants have reduced fees to stay competitive, raising concerns about the business model's sustainability.
Beyond the immediate excitement of Bitcoin ETF approvals, industry insiders anticipate a shift in focus towards Spot Ethereum trading funds. Significant players like Fidelity and BlackRock have submitted filings for Spot Ethereum ETFs, signaling a growing appetite for a broader range of crypto market offerings. Recent court decisions regarding Grayscale's Bitcoin ETF application and the SEC's approval of a proposed new Bitcoin spot may also influence the SEC's stance on Spot Ether ETFs.
U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency.
With Spot Bitcoin ETFs closely tracking the underlying Bitcoin, industry specialists predict some short-term volatility. The sheer size of these ETFs, coupled with the influx of significant assets under management, presents challenges and opportunities. Applicants have reduced fees to stay competitive, raising concerns about the business model's sustainability.
Beyond the immediate excitement of Bitcoin ETF approvals, industry insiders anticipate a shift in focus towards Spot Ethereum trading funds. Significant players like Fidelity and BlackRock have submitted filings for Spot Ethereum ETFs, signaling a growing appetite for a broader range of crypto market offerings. Recent court decisions regarding Grayscale's Bitcoin ETF application and the SEC's approval of a proposed new Bitcoin spot may also influence the SEC's stance on Spot Ether ETFs.
