Bitcoin ETFs: A $600 billion tipping point for crypto
2 min read
A United States appellate court
The conversion is subject to SEC approval. Grayscale recently won a legal case against the SEC, paving the way for spot Bitcoin ETF approval. Simultaneously, the SEC extended its decision-making period on ARK 21Shares Bitcoin ETF.
Bitcoin ETF approval would be a significant step towards mainstream crypto acceptance. The court ruling questions the SEC’s sole authority over digital assets, suggesting other entities like courts and Congress can influence crypto regulations. This could lead to wider crypto acceptance, making Bitcoin investing more accessible and regulated, attracting more capital to the crypto market.
The potential approval could also have geopolitical implications, setting a precedent for other countries and accelerating global adoption of cryptocurrencies.
Of course, numerous hurdles remain, notwithstanding the court’s ruling. But it signified progress, and rewards await those ready to embrace change.
Constantin Kogan is a co-founder of BullPerks and GamesPad, a partner at BitBull Capital, the founder of Adwivo, and a former managing director at Wave Financial. He holds a Ph.D. in sociology from National Pedagogical Dragomanov University in Kyiv, a master’s degree in education, and is fluent in five languages (English, Russian, Ukrainian, French, and Hebrew). He’s been a blockchain technology enthusiast and investor since 2012.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
