Following the Securities and Exchange Commission's groundbreaking decision to approve spot bitcoin ETFs on Wednesday, industry experts and analysts are unanimous in their belief that such products will significantly broaden access to this market for a wider range of investors.
The regulatory green light was given to proposals from major players such as BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Valkyrie, Invesco, WisdomTree, Franklin Templeton, and Hashdex, along with one each from Ark Invest and 21Shares, as detailed in Wednesday's filing.
These funds are anticipated to hit the market shortly, with BlackRock, Grayscale, and Fidelity expressing their intentions to commence trading on Thursday in official statements. Dominik Rohe, head of the Americas for BlackRock's iShares ETF business, emphasized the cost-effectiveness
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First found on: Bitcoin ETFs Set to Transform Market Landscape : Expert Opinion
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