Industry experts predict what to expect next following the approval of spot Bitcoin ETFs in the United States.
On Jan. 9, the United States Securities and Exchange Commission (SEC) scrambled as it tried to recover from an erroneous tweet announcing the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF).
This left many members of the cryptocurrency community on pins and needles. But, just a day after this chaotic event, the SEC officially announced that it had approved the first regulated spot Bitcoin ETF in the United States.
While notable, many people may now be wondering what to expect next. The approval of spot Bitcoin ETFs in the U.S. will further lead to the institutionalization of Bitcoin, but industry experts have pointed out that other factors will come into play.
