Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: When will a spot Bitcoin (BTC) ETF go live in the United States?
According to some ETF analysts, a spot Bitcoin ETF could become real in mid-2023, following years of rejection by the U.S. Securities and Exchange Commission (SEC). Despite the SEC’s apparent unwillingness to allow such a product, industry players like Grayscale continue to actively push for a spot BTC ETF.
There are a decent number of reasons why a potential approval of a spot Bitcoin ETF by the SEC remains one of the most anticipated events in the community.
21Shares CEO Hany Rashwan believes that a spot Bitcoin ETF would open up the