While bitcoin enthusiasts anxiously await the Securities and Exchange Commission’s (SEC) decision on Blackrock’s spot bitcoin ETF proposal, it’s worth delving into the bigger picture.
The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com.
Spot Bitcoin ETF: American Investors Left Waiting as SEC Procrastinates
The rise of cryptocurrency has reverberated globally, presenting a financial revolution that many American investors feel they have been side-stepped from joining. The crypto market’s rapid expansion, coupled with increasing investor interest, has not yet convinced the SEC to approve a spot bitcoin ETF. Simultaneously, other nations have welcomed such ETFs, leading to profitable returns for investors and solidifying their position in this burgeoning market.
Take Canada, for instance. The Purpose Bitcoin ETF (BTCC), approved by the Canadian Securities Administrators in February 2021, yielded over 200% returns in its first year of op
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