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Bitwise CEO thinks ‘next bull market in crypto is going to be driven by…”
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ambcrypto.comThe cryptocurrency industry experienced a record year in 2021, not just in terms of new investors and rising mainstream acceptance, but also the introduction of an array of new investment products. This includes the much-awaited launch of the U.S’ first Bitcoin ETF, which followed years of rallying and provocation by digital asset enthusiasts.
Even as the ProShares Bitcoin Strategy ETF (BITO) opened to record-breaking numbers when it launched this October, a huge section of the investors have been left disappointed as only Bitcoin futures’ backed ETFs are currently permitted to trade by the Securities and Exchange Commission (SEC).
The SEC’s reluctance towards a spot BTC ETF, which can be seen in its frequent rejection of such applications,
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