U.S. Spot BTC ETF Approval Likely Within Months: JPMorgan

ETFs are traded on an change, like shares, and monitor the efficiency of an underlying asset. They’re well-liked as a result of they permit buyers to realize entry to cryptocurrencies with out having to buy the underlying digital property themselves. They’re additionally cheaper to commerce. The crypto market is hopeful that the approval of a spot bitcoin ETF will result in a flood of mainstream cash into the sector.