Bitcoin ETF Approval Could Spark Industry Transformation
The expected approval of the first U.S. exchange-traded funds (ETFs) to hold bitcoin, known as spot bitcoin ETFs, by the Securities and Exchange Commission (SEC) could mark a significant moment for the cryptocurrency industry. This approval would allow investors to easily purchase bitcoin in their brokerage accounts, similar to buying stocks. Currently, there are bitcoin futures funds available on the market, but the introduction of spot bitcoin ETFs would provide a new level of accessibility for investors.
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