The likelihood of having a spot market bitcoin ETF, or exchange-traded fund, ready to list on the market by year’s end is now. After years of legal wrangling, the U.S. Securities and Exchange Commission has run out the clock on applying to the U.S. Court of Appeals, whichA spot market bitcoin ETF is something of a holy grail for the crypto industry, despite the fact that these stock market-traded financial funds already trade in Canada and Europe.
Galaxy-owned GK8, for example, lets institutions provide an array of digital-asset services with the security guarantee of its trusted custody platform and flagship Cold Vault. Such projects that hand-hold institutions into the crypto frontier have helped banks and investment firms find new revenue streams while expanding crypto adoption.to develop common blockchain platforms in an effort to facilitate quicker and smoother movement of funds.
But rising prices don’t necessarily mean long-term sustainability within crypto. We’ve witnessed several bull cycles and massive price swings in just the last six years. There’s also no guarantee that a rise in bitcoin’s price will translate to rising crypto prices across the board.