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What has been standing in the way of a pure-Bitcoin ETF?
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With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies.
The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through the stock markets, and the most recent acceptance was that of the ProShares Bitcoin Strategy ETF, which started trading on NYSE Arca on Oct. 19.
It's important to note that the aforementioned exchange-traded funds are not pure-crypto ETFs and merely track either crypto-related company stocks or futures contracts.
The SEC has yet to approve a pure-crypto ETF,
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