Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains


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.

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21Shares CEO Hany Rashwan believes that a spot Bitcoin ETF would open up the

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