Spot Bitcoin ETF authorized, however not within the US

Within the newest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discusses the primary spot exchange-traded fund (ETF) authorized within the European Union, which went stay on the Euronext Amsterdam alternate on Aug. 15. Regardless of the seemingly unconventional selection of the Guernsey regulator for its structure, the fund’s itemizing on Euronext suggests a strategic maneuver, although its meager 1 million euro launch and unfamiliar administration casts a shadow over its attraction.

Shifting on, Pechman shifts focus to the United States Bitcoin ETF panorama, the place the Securities and Alternate Fee (SEC) has as soon as once more delayed its resolution on approving a spot Bitcoin (BTC) ETF, setting a possible deadline for early 2024. This recurrent cycle of postponements echoes the challenges confronted over the previous decade.

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