Years after it got initial approval, Jacobi Asset Management’s bitcoin spot exchange traded fund (ETF) went live this week, making it the product the first of its kind in Europe.
This is only the latest sign that Europe is making steady progress towards integrating crypto assets inside traditional financial instruments.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is dragging its feet by delaying deadlines for similar applications.
“The stakes are high” for the various entities working to bring a spot bitcoin ETF to the American market, Balchunas argued.
About 10 firms are competing to get the first bitcoin spot ETF approved in the U.S., and BlackRock, which has more than $9 trillion in assets under management, filed for its own offering in June.
In other words, a bitcoin spot ETF could be considered the bridge that connects trillions of dollars to crypto.
This is the best summary I could come up with:
Years after it got initial approval, Jacobi Asset Management’s bitcoin spot exchange traded fund (ETF) went live this week, making it the product the first of its kind in Europe.
This is only the latest sign that Europe is making steady progress towards integrating crypto assets inside traditional financial instruments.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is dragging its feet by delaying deadlines for similar applications.
“The stakes are high” for the various entities working to bring a spot bitcoin ETF to the American market, Balchunas argued.
About 10 firms are competing to get the first bitcoin spot ETF approved in the U.S., and BlackRock, which has more than $9 trillion in assets under management, filed for its own offering in June.
In other words, a bitcoin spot ETF could be considered the bridge that connects trillions of dollars to crypto.
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