3min chapter

Coin Stories with Natalie Brunell cover image

James Seyffart: Will a Bitcoin Spot ETF Be Approved and Send Bitcoin's Price Skyrocketing?

Coin Stories with Natalie Brunell

CHAPTER

Bitcoin Futures ETF Takes in a Billion Dollars in Two Days

The iShares application and approval would mean buying of spot Bitcoin. The only downside to this is grayscale would be able to convert GBTC to an ETF. There's not it's not all 100% good for Bitcoin necessarily, but people want to hold their Bitcoin and they don't sell it from GBTC getting open.

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