Fifteen years ago, Bitcoin existed only for a tiny subset of human beings obsessed with separating money from the state.
To witness the state endorsing the monetization of that process, through the US Securities and Exchange Commission’s approval of a spot bitcoin ETF, is bizarre. Anarcho-capitalists might even find it satisfying to watch the two worlds collide.
Similar products do already trade on markets across Canada and Europe, which US citizens can easily access already through brokerages like Interactive Brokers and Charles Schwab as they would one of the US spot ETFs. Except they never really counted.
There’s just something surreal about the SEC finally giving into the fact…
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