The world of cryptocurrency is basically full of retail investors. Thus far, the SEC has not opened the doors for institutions to enter the mix. This is something that Wall Street wants to change.
It appears, according to some, that a Bitcoin ETF is almost certain to gain approval from the regulators. This move would enable institutions to give their clients exposure to the leading cryptocurrency.
This would also signal a reversal by the SEC who have denied a few applications to start an ETF for Bitcoin or cryptocurrency.
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