As early as Jan. 10, the U.S. Securities and Exchange Commission’s (SEC) approval of spot bitcoin ETFs on a number of leading exchanges was clearly a major achievement. With the original application being rejected back in 2013, this step marked the thrilling finale of a long-anticipated effort spanning over a decade. Top market players such as BlackRock, ARK Invest and Fidelity turned out to be among the ten issuers that were given permission to list a bitcoin ETF. From now on, investors can delve into the cryptoverse through familiar investment vehicles such as ETFs (exchange-traded funds).
Over the past few years cryptocurrencies (not to mention Bitcoin) have caught the eye of investors and financial institutions across the globe. First perceived as a niche industry, crypto has become a powerhouse in the world of investing, capturing the attention of every strata of the community.