Bitcoin

AbstractAfter ten years of ups and downs, the US Securities and Exchange Commission (SEC) finally compromised the market. On Wednesday, local time, the SEC approved bitcoin spot ETFs for the first time in its history, authorizing 11 ETFs to start listing and trading on Thursday. This traditional financial recognition of BTC could potentially push it from $40,000 to how much? Let’s witness history together!In today’s world, the economy, finance, and the U.S. dollar still maintain absolute dominance with the United States.In the traditional financial sector, Wall Street is all about sophistication, while the cryptocurrency sphere is often seen as more volatile and less mature, which is a widely held consensus. However, with BTC gaining mainstream acceptance, people’s perceptions of it are set to change completely.<ul><li><a href="https://app.superex.live/register?invitationCode&#61;MH74R" rel="noopener noreferrer nofollow">Click to register SuperEx</a></li><li><a href="https://superex.me/3YjX5oK" rel="noopener noreferrer nofollow">Click to download the SuperEx APP</a></li><li><a href="https://superex.me/cmc" rel="noopener noreferrer nofollow">Click to enter SuperEx CMC</a></li><li><a href="https://superex.me/academy" rel="noopener noreferrer nofollow">Click to enter SuperEx DAO Academy</a></li></ul>What is a Bitcoin ETF?Simply put, in the old days, traditional financial users in the U.S., such as retail investors in stocks and funds who wanted to buy bitcoin, had to go to a cryptocurrency exchangeAfter ETF approves BTC, American retail investors and institutions can directly choose Bitcoin ETF for trading in the stock market, which saves the trouble of going to the exchange for trading. This is a great benefit for improving the liquidity of Bitcoin and making Bitcoin more widely accepted.When Bitcoin establishes a foundation via ETF, they can legally package BTC and sell it to retail investors to invest in it, otherwise the foundation cannot legally engage in this business.What does it mean after the ETF is approved?<h2 id="header-0">1、 legitimization</h2>The approving of ETF means the acceptance of cryptocurrency by traditional finance. No matter how the price will go, it will be a milestone in the development history of BTC and even cryptocurrency, and it is worth remembering, because from the day BTC officially recognized by the top countries and institutions in the world, it becomes one of the most influential investment targets in the world. From now on, we can come up with the most powerful weapon to someone who says BTC is fraudulent.<h2 id="header-1">At this moment, let’s salute all cryptocurrency professionals. We can confidently say to the world: we are engaged in genuine financial innovation!</h2><h2 id="header-2">2、 A rapidly increasing in funds</h2>The volume of the traditional financial market is very huge. As of 2023, the total market cap of traditional financial markets, including stocks and funds, exceeds $150 trillion. In the past, they couldn’t buy.Bitcoin followers still believe that bitcoin spot ETFs will attract tens of billions of dollars of new investment because financial advisers and other institutional investors will use the traditional tools familiar to the financial community. For retail investors, bitcoin spot ETF can make it easier, cheaper and safer to invest in bitcoin in some ways.How will the bull market progress? How long will it last?The approval of ETFs can be seen as a bullish signal, but it doesn’t guarantee continuous price increases. Will BTC reach $1 million tomorrow? That’s highly unlikely, as all financial operations are governed by underlying economic logic.This is a long-term, significant positive sign, and it is expected to bring about a sustained bull market. According to current estimates by financial institutions, this gradual bull market could last for approximately a year.When will Bitcoin spot ETF be listed?The listing of American ETF is divided into two steps. The SEC will first authorize exchanges such as NYSE and NASDAQ to list ETF shares, and secondly approve the prospectus submitted by each issuer. After these signatures are done, most ETFs can start trading.According to the SEC, the agency has approved the listing and trading of spot Bitcoin ETFs through expedited mode, and started trading on Thursday local time.What is the rate of bitcoin spot ETF?At present, about a dozen issuers are launching spot bitcoin ETFs, so the competition in price is fierce.Among them, The lowest of these tariffs comes from Bitwise Asset Management, which says it will charge an annual expense ratio of 0.2% on its funds.Funds launched by ARK Invest in partnership with 21Shares, an issuer of cryptocurrency trading products, will charge 0.21%, while funds launched by VanEck, BlackRock, and Fidelity Investments will charge 0.21%, and Fidelity Investments will have a 0.25% rate.Furthermore, some issuers, including Bitwise, ARK/21Shares, and Invesco, plan to completely waive fees for assets under management ranging from $1 billion to $50 billion within the next six months.According to media statistics, the most expensive fund at present is Gray Bitcoin Trust Fund, which has already started trading, but plans to convert it into ETF. At present, the scale of the fund is $27 billion, and the rate is 2%. Gray Fund said in a document that it will charge an annual fee of 1.5% after being converted into ETF.EndingIn a word, holding bitcoin in a special cryptocurrency trading account is very risky, which scares away many institutional investors and financial advisers and makes them afraid to invest in bitcoin directly. Now, fund companies have launched bitcoin ETFs, which allow investors to hold them through traditional stock accounts. Fund companies stakes that this action may attract billions of dollars of new funds to enter the market, thus promoting the continued development and growth of the bitcoin market.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/111f330c60b447b3a892be4b92d9d24f.png" />

Witness history! How much do you think BTC will increase after the U.S. SEC approves a Bitcoin spot ETF?

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