Spot bitcoin ETFs have been approved in the US and will debut on US markets run by NYSE, Cboe Global Markets, and Nasdaq.
The ETFs will allow retail customers to gain exposure to bitcoin's price and let traditional financial institutions invest without going through crypto exchanges. [ more ]
SEC approves spot bitcoin ETFs in game-changer for crypto industry
The US SEC has approved the first US-listed exchange-traded funds (ETFs) to track bitcoin, with products expected to begin trading on Thursday.
The approval of bitcoin ETFs is a significant milestone for the cryptocurrency industry, offering institutional and retail investors exposure to bitcoin without directly holding it.
Analysts predict that the ETFs could draw billions of dollars into bitcoin, potentially driving up the price of the cryptocurrency. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Spot bitcoin ETFs have been approved in the US and will debut on US markets run by NYSE, Cboe Global Markets, and Nasdaq.
The ETFs will allow retail customers to gain exposure to bitcoin's price and let traditional financial institutions invest without going through crypto exchanges. [ more ]
SEC approves spot bitcoin ETFs in game-changer for crypto industry
The US SEC has approved the first US-listed exchange-traded funds (ETFs) to track bitcoin, with products expected to begin trading on Thursday.
The approval of bitcoin ETFs is a significant milestone for the cryptocurrency industry, offering institutional and retail investors exposure to bitcoin without directly holding it.
Analysts predict that the ETFs could draw billions of dollars into bitcoin, potentially driving up the price of the cryptocurrency. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
J.P. Morgan believes that while the approval of spot bitcoin ETFs may not attract significant fresh capital, there will be a significant rotation of funds from existing crypto products.
The bank expects up to $36 billion to flow into the new spot bitcoin ETFs from other crypto products, with potential outflows from Grayscale Bitcoin Trust and retail investors migrating from digital wallets. [ more ]