Good news for cryptocurrency fans! The US SEC has officially approved the country's first regulated Bitcoin (BTC) ETF. Finally! đ
This means that investors will be able to be directly exposed to the price of Bitcoin without needing to purchase it or worry about its custody. Some interesting details:
- 10 issuers submitted their fees for their respective Bitcoin ETFs;
- BlackRock will charge 0.2% fees until reaching $5 billion in assets under management;
- Ark 21Shares will waive all fees for the first 6 months or until reaching $1 billion in assets under management;
- Grayscale has the highest rate, at 1.5%.
It is estimated that Bitcoin ETFs could attract up to $14 billion in the first year. What do you think of this news? Do you think this will further stimulate the cryptocurrency market? Comments below! đ
