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The launch of bullion-backed ETFs shot gold into the stratosphere. Could SEC approval do the same for Bitcoin?
Australia’s only provider of a spot Bitcoin ETF, Global X, says there has been strong inflows since the US Securities and Exchange Commission (SEC) approved spot bitcoin ETFs from a range of fund managers on January 10. However, senior product and investment strategist David Tuckwell told Stockhead there remains challenges for the broad adoption of Bitcoin ETFs in Australia and the US. The SEC approval will enable US investors to easily access the 15-year-old cryptocurrency through traditional securities exchanges with the world’s largest economy. Senior product and investment strategist David Tuckwell told ... (full story)