Bitcoin ETF Listings: Quick Launch, Slow Money Flows

The Impact of Bitcoin ETF Approvals on the Market

The recent approval of the first spot bitcoin exchange-traded funds (ETFs) in the U.S. is expected to have a significant impact on the market. According to Ophelia Snyder, co-founder of crypto custodian 21Shares, listings on exchanges could occur within days of approval. However, she also noted that assessing the wider effect of these ETFs on the market will likely take months. This is because wealth-management firms need to adhere to various processes before they can add the ETFs to their list of approved allocations.