BTC Spot ETFs Disappoints: No Moon in Sight
The recent launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) was a long-awaited event in the cryptocurrency market. However, contrary to the high expectations of many investors and crypto enthusiasts, the price of Bitcoin experienced a surprising downturn.
The SEC’s Approval of BTC ETFs: A Game-Changer for Crypto Investments
For over a decade, the asset management industry has been striving to launch a spot bitcoin ETF. The SEC’s recent approval of 11 applications from issuers like BlackRock, Fidelity, and Grayscale represents a watershed moment for the industry.