These Are The High-Profile Bitcoin Spot ETF Applications Currently In Play

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Bitcoin exchange-traded funds have sprung up around the world—but the U.S. SEC continues to stonewall proposals for a Bitcoin spot ETF. Since the first application for a U.S. Bitcoin exchange-traded fund was filed in 2013, a Bitcoin ETF has become something of a holy grail for the crypto community.

An ETF is a publicly-traded investment vehicle that tracks the value of an underlying asset; in the case of a Bitcoin ETF, that asset is Bitcoin. Advocates for a Bitcoin ETF argue that the complexities of exchanges, crypto wallets, and private keys still present a daunting barrier to entry into the crypto space for newcomers. A Bitcoin ETF would enable these investors to gain exposure to Bitcoin without actually having to hold their own cryptocurrency.more information