🔥ETFs - THE KEY🔥

The #ETFs of #bitcoin in the world anticipate what will happen when they are approved in the US.

So far there are 20 spot bitcoin ETFs approved globally, mainly in European countries.

Some USD 4.16 billion are currently traded in bitcoin spot exchange-traded funds (ETFs), according to calculations in a report by #CoinGecko . This is a figure that could rise substantially in the medium term, if the ETF applications that are being approved are approved. pending before the United States Securities and Exchange Commission (SEC).

According to data presented on market tracking site Coingecko, there is a stark contrast between what is happening in the United States and the rest of the world.

Analysts base this claim on the fact that G20 countries such as Canada, Germany, Brazil and Australia, as well as the tax havens of Jersey, Liechtenstein, Guernsey and the Cayman Islands already market this type of financial derivative. This, while in the US, despite being a major financial market, there are zero spot bitcoin ETFs available.

However, there is currently a favorable expectation surrounding the approval of bitcoin spot ETFs in the United States and about 12 funds are expected to receive approval from the SEC in the coming months.

Source: CriptoNoticias