Oct 15, 2021
History has been made. The SEC has approved a Bitcoin ETF. Standard retail brokerage accounts in the foremost capital market in the world can now gain exposure to Bitcoin. It will be available as early as next week. You may ask yourself why a Bitcoin ETF matters if you can just buy Bitcoin on an exchange like Coinbase. Two reasons. First, many retail investors don't have crypto exchange accounts. This will give those with your standard brokerages like Charles Schwab and Etrade a way to trade Bitcoin. Secondly, this is nod by the SEC, that a Bitcoin ETF is safe for investors. This is a huge step in the maturing of Bitcoin and the cryptocurrency market in general. Bitcoin just keeps becoming more and more relevant. Step by step. Thank you Matt Levine for your excellent rundown.
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