Canada Approved 2 Bitcoin ETFs
In the previous week, the Canadian SEC approved 2 Bitcoin ETFs, the Purpose Bitcoin ETF and the Evolve Bitcoin ETF. The companies behind the 2 Bitcoin ETFs have over $2 million in assets under management and some of those million will move in the Bitcoin market.
The breaking news that Bitcoin ETFs were approved for the first time, bringing new positive vibes in the cryptocurrency world as it is another step for Bitcoin adoption as an alternative investment tool for “larger wallets” worldwide.
Many analysts believe that the decision from the Canadian SEC will become the middle step for the USA SEC to move in a similar move, setting free large quantities of capital and a new dynamic in the Bitcoin market.