Spot Bitcoin ETFs haven’t even been authorised within the US, and but already some see them as an existential menace to the futures-based funds that got here earlier than them.
BlackRock Inc. leads a bunch of companies awaiting word from regulators on their filings to launch what could be the primary US ETFs linked to the spot worth of the most important cryptocurrency. Grayscale Investments can also be within the combine after scoring a legal victory in its quest to transform its $16 billion Bitcoin trust into an exchange-traded fund. Proponents are optimistic that the heft of the issuers concerned and Grayscale’s latest courtroom win might lastly tilt the percentages in favor of those funds being authorised.
