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6 Positive Impacts of Spot Bitcoin ETF
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[QUOTE="Suba, post: 332276, member: 3658"] Once the Spot Bitcoin ETF is approved by the SEC on Jan 10, 2024, many observers think it will have a very positive impact on Bitcoin and the crypto world. Spot Bitcoin ETF is a public investment fund platform that allows investors without having to own real Bitcoin. So investors buy shares in mutual funds that hold Bitcoin. Here are the positive impacts of spot Bitcoin ETF: 1. Increasing the flow of funds in the Bitcoin market also has the potential to increase the price of Bitcoin, increase liquidity and wider recognition of Bitcoin as an investment instrument. So the price of Bitcoin soared to the level of $47k, when it was approved by the SEC. 2. The increase in Bitcoin-based investment platforms, after the SEC approves Bitcoin ETFs, investment managers can add Bitcoin to mutual fund investment products/portfolios. 3. Wider Reach. The existence of a spot Bitcoin ETF makes it possible to add distribution channels and platforms for purchasing Bitcoin. 4. Recognition of Bitcoin as an Asset ETFs will be considered to be able to produce more optimal returns, recognition of Bitcoin as an asset will support the use of Bitcoin in investment strategies. 5. More efficient Although it is not yet known how much a spot Bitcoin ETF will cost, it will be smaller than a hedge fund or index mutual fund. Bitcoin can also be traded like shares. 6. Regulation In countries that do not yet have crypto regulations, spot Bitcoin ETFs have a stronger regulatory system ranging from supervision, price transparency, custodian arrangements etc. [/QUOTE]
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6 Positive Impacts of Spot Bitcoin ETF
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