The SEC unlocks a new era with Bitcoin ETFs approval

The SEC’s approval signals a positive shift in the crypto investment landscape. Beyond a potential price increase for Bitcoin, we review the impact on blockchain-related stocks.

Bottom line

U.S. investors are catching up with the rest of the world by getting access to Bitcoin through regulated financial instruments. It remains to be seen if the extended pool of investors will really influence the price of Bitcoin.

Coinbase will play a key role as the main intermediary for ETF issuers, but this could be a double-edged sword, as it could cannibalize part of its lucrative revenue from retail traders.

We expect other digital assets to also be available within a U.S. ETF wrapper, sooner or later. In the meantime, the next big catalyst for Bitcoin remains the halving.

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