It’s been less than a year, and yet it’s hard to remember Bitcoin without a spot ETF. Just as Bitcoin before the advent of stablecoins, centralized exchanges, or block explorers, is hard to fathom now, the pre-ETF times feel dark and distant. Bitcoin didn’t need the SEC to rubber stamp an ETF to validate its existence, but it’s no exaggeration to say that Bitcoin is in a much better place today because of it.
The 10 Bitcoin ETFs that have been approved since January in the US have provided institutional investors – and consumers – with a regulated, secure way to gain exposure to BTC without the challenges associated with direct ownership of the cryptocurrency. This has naturally served to increase Bitcoin’s addressable market; now pension funds can list it on their balance sheets. But more than that, it legitimized BTC as an asset and in the process put an end to much of the flak crypto users have been subjected to for years.
If you just wanted a Bitcoin ETF
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