The holy grail of the crypto community for the past 10 years has been the approval of a spot Bitcoin ETF, dating all the way back to 2013 when the Winklevoss twins submitted the very first such application.
The crypto world is rife with poor user interfaces, complex on and off ramps, uncertain regulations and a host of other obstacles that stand in the way of mass adoption. A Bitcoin ETF is the keystone that will open the flood gates and start the last step of the parabolic mass adoption phase of this nascent technology.
Current BTC ETF Landscape:
For clarity and background, there are already multiple futures-based Bitcoin ETFs in the US, as well as various spot Bitcoin ETF’s in a handful of countries around the world including Canada, Brazil and most recently a European BTC ETF.