04/22/2022
Bitcoin ETFs signal another step forward for digital currencies.The views and opinions expressed in this article are those of the author.
History was made recently with the launch of the first ever Bitcoin exchange traded fund (ETF) authorised to begin trading on US exchanges. As the buzz and excitement around this potential (and now verified) approval grew, the price of Bitcoin and other crypto assets closely followed.
Subsequent to the banning – yet again – of Bitcoin and other crypto mining and trading activity in China by the People’s Bank of Chain (PBoC), this rebound has been particularly bullish.
Bitcoin, almost immediately following the launch of this ETF product, hit all-time-highs and continues to drive institutional interest and investment both in the US and internationally.
https://www.euronews.com/next/2021/10/27/bitcoin-etfs-signal-another-step-forward-for-digital-currencies
The Central Bank Digital Currency Think Tank explains the financial structure and implications of the newly launched ETF.