Share this post and receive 1 WORD The U.S. Securities and Exchange Commission (SEC) has approved groundbreaking Bitcoin exchange-traded funds (ETFs), marking a transformative moment for the crypto landscape. This historic decision, announced by SEC Chair Gary Gensler, signals a significant shift in institutional adoption. The approval of 11 applications, including those from BlackRock, Ark Investments, and Fidelity, among others, opens avenues for both institutional and retail investors to gain exposure to Bitcoin without direct ownership. Standard Chartered analysts predict inflows of $50-100 billion in 2024, potentially propelling Bitcoin to $100,000. This development follows a decade-long journey and is viewed as a crucial step in legitimizing Bitcoin as an asset class. For more details, read the full article here. https://decentralizednewsxchange.wordpress.com/2024/01/10/sec-greenlights-historic-bitcoin-etfs-transforming-crypto-landscape-and-fostering-institutional-adoption/
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Share this post and receive 1 WORD The U.S. Securities and Exchange Commission (SEC) has approved groundbreaking Bitcoin exchange-traded funds (ETFs), marking a transformative moment for the crypto landscape. This historic decision, announced by SEC Chair Gary Gensler, signals a significant shift in institutional adoption. The approval of 11 applications, including those from BlackRock, Ark Investments, and Fidelity, among others, opens avenues for both institutional and retail investors to gain exposure to Bitcoin without direct ownership. Standard Chartered analysts predict inflows of $50-100 billion in 2024, potentially propelling Bitcoin to $100,000. This development follows a decade-long journey and is viewed as a crucial step in legitimizing Bitcoin as an asset class. For more details, read the full article here. https://decentralizednewsxchange.wordpress.com/2024/01/10/sec-greenlights-historic-bitcoin-etfs-transforming-crypto-landscape-and-fostering-institutional-adoption/
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