The approval of the Bitcoin ETFs has offered investors a welcome sign of relief beyond the first publicly traded Bitcoin-based products.
The approval of the United States spot Bitcoin exchange-traded funds (ETFs) has legitimized the cryptocurrency industry in the eyes of investors.
The approval of the first U.S. spot Bitcoin ETFs in January has resulted in the launch of the first regulated, publicly traded Bitcoin-based investment vehicles.
Moreover, the launch of the Bitcoin ETFs has provided a significant shift in investor mentality, according to Sheraz Ahmed, the managing partner of Storm Partners, who said:
