Bitcoin ETFs: What to Expect on Day One
Summary
The U.S. has approved spot bitcoin ETFs, set to start trading on NYSE, Cboe, and Nasdaq. These ETFs will allow retail customers and traditional financial institutions to invest in bitcoin through conventional brokerage apps. The approval is seen as a major step in establishing crypto as a tradeable asset class. Market makers have prepared for the launch to ensure market efficiency. BlackRock and Franklin Templeton are among the firms involved, with expectations of a gradual ramp-up in interest and investments. The launch is expected to be followed by a long journey of education and suitability conversations for investors.
