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Showing posts from May, 2021

How Bitcoin ETFs will Impact the Cryptocurrency Market

There has been a significant push for the approval of Bitcoin Exchange-traded funds (ETFs) by the crypto community. This is because they would bring a range of benefits to investors. So far, no ETF has been approved by the US Securities and Exchange Commission (SEC). So what benefits will SEC-approved ETFs bring to the crypto market? They will Make it Easier for Institutional Investors to invest in Bitcoin Bitcoin ETFs are easier to invest in because they can be bought and sold using a standard brokerage account. As such, they would serve as an easy onramp for American institutions looking to invest in bitcoin without having to buy the underlying asset. Right now, Grayscale Bitcoin Trust has a near-monopoly in the US due to regulatory restrictions. Most major companies looking to have direct access to the cryptocurrency have to use the agency and pay a premium for the service. In jurisdictions such as Canada, which has approved numerous ETFs, investors also have the choice of investin...