Silver, Bitcoin, and the Transformation of the U.S. ETF Market
Explore the transformative journey of Bitcoin ETFs in the U.S. ETF market, outshining silver and challenging gold

Explore the transformative journey of Bitcoin ETFs in the U.S. ETF market, outshining silver and challenging gold
Bitcoin's rapid ascent in the ETF market has reshuffled the rankings, positioning it as the second-largest commodity in the U.S. ETF landscape. While this development signals a surge in market interest, it remains to be seen how it will impact the broader cryptocurrency landscape and pave the way for future innovations.
With the passage of spot ETFs, Bitcoin and Wall Street markets will be more closely connected. In the not-too-distant future, the crypto market may become the back garden of the U.S. financial market.
US bitcoin ETFs, led by Grayscale, BlackRock, and Fidelity, garnered $4.6 billion in trading on their debut day post-SEC approval, triggering competitive fee reductions and varied predictions for future inflows. Divergent industry opinions highlight uncertainty about the long-term impact of these ETFs on the cryptocurrency market.
The SEC sets a Dec. 29 deadline for Bitcoin ETF applicants, with first approvals expected in early January.
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According to Reuters, the US securities regulator has officially acknowledged applications from major players like BlackRock, VanEck, WisdomTree, Fidelity Digital Assets, Bitwise, and Invesco, all seeking to introduce a spot BTC ETF in America.
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Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.