Cryptocurrency News

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

05/12/2022

Less than a minute

2022.05.12 16:03

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: When will a spot Bitcoin (BTC) ETF go live in the United States?

According to some ETF analysts, a spot Bitcoin ETF could become real in mid-2023, following years of rejection by the U.S. Securities and Exchange Commission (SEC). Despite the SEC’s apparent unwillingness to allow such a product, industry players like Grayscale continue to actively push for a spot BTC ETF.

05/12/2022

Less than a minute

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