What’s at stake: Local bitcoin/crypto fund operators face increased competition after SEC approves bitcoin ETFs.
Background: The US Securities and Exchange Commission approved 11 spot bitcoin ETFs, which enable retail investors to get exposure to bitcoin without having to own the crypto asset directly.
A local bitcoin fund is confident it can compete with newly approved exchange traded funds (ETFs) that track the price of the world’s most valuable cryptocurrency.
The US Securities and Exchange Commission approved 11 applications from fund providers to list their spot bitcoin ETFs last week.
The
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What’s at stake: Local bitcoin/crypto fund operators face increased competition after SEC approves bitcoin ETFs.
Background: The US Securities and Exchange Commission approved 11 spot bitcoin ETFs, which enable retail investors to get exposure to bitcoin without having to own the crypto asset directly.
