Bitcoin ETFs: Bridging Crypto and Finance
Bitcoin has become more integrated into the world of traditional finance through the advent of Bitcoin exchange-traded funds (ETFs). An ETF is an investment fund traded on stock exchanges, much like stocks. Bitcoin ETFs have brought a level of accessibility to Bitcoin that wasn't available before. This involves centralized entities managing Bitcoin on behalf of investors. Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), noted this as a paradox since Bitcoin was originally designed as a decentralized currency. Yet, these ETFs are managed by financial giants like BlackRock and Fidelity.
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