If approved, the launch of the Spot Bitcoin ETF could significantly change the investment landscape. Firstly, it will eliminate the worries and risks associated with self-protection of physical cryptocurrencies.
Investing in a bitcoin ETF will become more convenient for most investors. They will be able to infuse liquidity into ETFs like they do with other investment products.
Additionally, using spot bitcoin ETFs can be beneficial for purposes, especially in the United States.
However, it is worth noting that on June 30, 2023, the U.S. The SEC has The ETF filing was dismissed as “inadequate” by the asset manager, which led to a 4.12% drop in the price of bitcoin within minutes of the announcement.
