Cryptocurrency investors have been in a frenzy in recent weeks about the possible approval by the US financial regulator of spot Bitcoin Exchange-Traded Funds (ETFs). Spot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index. A wave of some of the world’s largest asset managers, including BlackRock and Fidelity, have applied to the Securities…
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