The decision, which comes after a legal battle and months of anticipation, may signal a shift in the regulatory landscape towards the approval of a spot Bitcoin ETF.
The bipartisan, letter signed by representatives Tom Emmer, Mike Flood, Ritchie Torres, and Wiley Nickel, emphasizes the urgency of expanding access to Bitcoin investment options.
Spot Bitcoin Exchange-Traded Funds (ETFs) are designed to track the performance of bitcoin with the custody of the asset being held by the ETF manager.
Bitcoin Exchange-Traded Funds (ETFs) are designed to track the performance of the underlying asset or index of publicly traded bitcoin mining companies.