Captain_Only

Traditional Finance Embraces Cryptocurrency

BITSTAMP:BTCUSD   Bitcoin
Valkyrie Funds will launch a Bitcoin ETF on October 20, reflecting growing interest in cryptocurrencies among traditional finance players.

They've been involved in crypto since 2021 and already have a Bitcoin futures ETF on Nasdaq.

Other major firms like BlackRock and Fidelity are also seeking approval for Bitcoin ETFs.

Bitwise recently dropped its plan to include Ethereum, focusing solely on Bitcoin.

The SEC's Chair, Gary Gensler, discussed cryptocurrency ETFs during a Senate hearing but didn't give a clear answer on spot ETF approvals
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.