SEC approves spot bitcoin ETF: Ways investors can capitalize

01/11/2024 06:30
SEC approves spot bitcoin ETF: Ways investors can capitalize

The SEC (Securities and Exchange Commission) ultimately approved the spot bitcoin ETF (BTC-USD) for several firms including Grayscale, Fidelity, and Bitwise, after Tuesday's false alarm. Now investors can engage with the cryptocurrency without holding the digital asset on crypto exchanges or in digital wallets. Delta Blockchain Fund General Partner Kavita Gupta joins Yahoo Finance to give insight into what the approval means for crypto at large and what investors need to keep in mind as they look to invest in the ETF. "I really feel like for the retail customer at this point of time, at least when it comes to cryptocurrencies associated, I'm not very sure how much SEC is towards retail customers or not," Gupta says. "Even in their announcement, they have talked about that it's already available through different drop rate systems, through Grayscale Trust, etc. So, it's not like retail customers do not actually have it excessively available, it's just going to be much more easier now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

The SEC (Securities and Exchange Commission) ultimately approved the spot bitcoin ETF (BTC-USD) for several firms including Grayscale, Fidelity, and Bitwise, after Tuesday's false alarm. Now investors can engage with the cryptocurrency without holding the digital asset on crypto exchanges or in digital wallets.

Delta Blockchain Fund General Partner Kavita Gupta joins Yahoo Finance to give insight into what the approval means for crypto at large and what investors need to keep in mind as they look to invest in the ETF.

"I really feel like for the retail customer at this point of time, at least when it comes to cryptocurrencies associated, I'm not very sure how much SEC is towards retail customers or not," Gupta says. "Even in their announcement, they have talked about that it's already available through different drop rate systems, through Grayscale Trust, etc. So, it's not like retail customers do not actually have it excessively available, it's just going to be much more easier now."

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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