The Securities and Exchange Commission (SEC) has approved the first US-listed exchange-traded funds (ETFs) to track Bitcoin. The approval of 11 spot Bitcoin ETFs will not only enhance accessibility for investors but also contribute to the establishment of a more robust and regulated crypto market, say experts. It’s been over ten and a half years since the Winklevoss twins first filed for a bitcoin (BTC) exchange-traded fund (ETF) in July 2013. At the time, bitcoin’s market cap had just surpassed $1 billion dollars, and the crypto was trading for around $87. Cameron Winklevoss’ prediction that bitcoin might one day hit $40,000 was as controversial as it could get.
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