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Does it make any sense for the SEC to approve Bitcoin spot ETFs
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ambcrypto.comLate last month, the market greeted the first U.S. exchange-traded fund linked to cryptocurrencies. It garnered a lot of traction and strong demand following its debut.
It is no wonder then that investors are now waiting to see whether the U.S. will greenlight the first exchange-traded fund (ETF) with spot Bitcoin as its underlying asset. Clearly, American regulators don’t seem to be impressed with the spot Bitcoin idea due to its “risk” concerns.
Notably, many crypto-proponents including Congressmen oppose this narrative. In fact, some have even opined that a spot BTC ETF would be a much better option.
<p lang=«en» dir=«ltr» xml:lang=«en»>Today I sent a letter to @GaryGensler with my @blockcaucus co-chair @RepDarrenSoto about Bitcoin ETFs. It Read more on ambcrypto.comAbout this in other media
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