SEC Decision on Spot Bitcoin ETFs Holds Key to Institutional Crypto Adoption

SEC Decision on Spot Bitcoin ETFs Holds Key to Institutional Crypto Adoption



Cathie Wood believes that the SEC's decision regarding spot Bitcoin ETFs could have a significant impact on the adoption of cryptocurrencies by institutional investors. She sees the potential approval of these ETFs as a crucial moment, suggesting that it could serve as the ultimate endorsement for institutions considering investments in the crypto market. ARK Invest, in partnership with 21Shares, is currently awaiting a decision on their ARK 21Shares Bitcoin ETF (ARKB) proposal, and a ruling is expected by January 10.



In October 2021, the SEC approved Bitcoin futures ETFs, which was seen as a cautious yet progressive step, despite concerns about counterparty risks when compared to spot products backed by Bitcoin held in cold storage. Most Bitcoin ETF proposals designate Coinbase as the custodian, providing an added layer of security


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#Bitcoin, #BitcoinETF, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations, #SEC

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