The Crypto Industry Holds Its Breath in Anticipation of the First Spot Bitcoin ETFs
From Wall Street Journal:
Bitcoin price tops $45,000 as it rallies before the expected launch of the first U.S. exchange-traded funds to hold the cryptocurrency. The Securities and Exchange Commission could approve the funds, known as spot bitcoin ETFs, as soon as next week. This approval would mark a watershed moment for the industry, allowing investors to purchase bitcoin in their brokerage accounts as easily as stocks. (Funds that track bitcoin futures are already on the market). Skeptics say it is nearly out of room to run. (Source: Wall Street Journal)
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