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When Ethereum ETF? | Matt Hougan & Ryan Rasmussen of Bitwise
Bankless
Bitcoin ETFs: Transforming Perception and Adoption
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Bitcoin ETFs have significantly transformed the perception of Bitcoin from a speculative vehicle to a legitimate asset class, garnering approval from mainstream America. The endorsement by big investors and prominent figures like Larry Fink has played a pivotal role. In just two months, there has been a shift from perceiving cryptocurrencies as a scam to a potential rival to traditional commodities like gold. Conversations among industry professionals have evolved positively, attributing much of this progress to the introduction of ETFs, marking a significant advancement for the asset class. The overwhelming success of Bitcoin ETFs has surprised Wall Street, surpassing initial expectations in terms of demand and broad-based acceptance.
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