Gary Gensler’s letter on the spot Bitcoin ETF approval makes two things clear:

1) This happened because the SEC lost the Grayscale case

2) This “in no way” signals their willingness to approve other “crypto asset securities”

Bitcoin gaining institutional interest is a big step forward. The market is growing and maturing and transforming Bitcoin from a largely retail-owned asset, to a global macro asset that will compete with gold and US treasuries.

An Exchange Traded Fund is a fund that holds assets and individual shares of the fund can be traded on an exchange.

Bitcoin ETFs will do one thing and one thing only: they hold Bitcoin and allow you to get exposure to Bitcoin in your investment accounts.

ETFs will make it much easier to get exposure to Bitcoin.

You’ve had a little over 15 years to learn about #Bitcoin and front run Wall Street.

Did you do it?🧡

#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #SEC #Bitcoin ETF