On the demand facet, the SEC’s potential approval of a spot bitcoin ETF ought to open the door for a major variety of new traders searching for publicity to the worth of bitcoin instantly of their conventional funding accounts. They’ll now forego the complexity of coping with crypto exchanges, and entry a well-known funding car — an ETF. This can spark each larger liquidity and larger worth stability in bitcoin. Equally importantly, the SEC’s approval represents a major milestone for bitcoin’s rising legitimacy with established monetary establishments.
