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By Herwig TEMMERMAN, Partner at BearingPoint Luxembourg and Dimitri CORDENIER, Manager at BearingPoint Switzerland
On January 10th, the U.S. Securities and Exchange Commission (SEC) granted approval for the listing of 11 spot Bitcoin Exchange Traded Funds (ETFs). Although Bitcoin spot ETFs had already been listed in Canada and Europe for several years, this endorsement firmly establishes Bitcoin within the United States’ financial regulatory environment. Widely perceived as a pivotal moment, this decision marks a significant step in legitimizing Bitcoin and its integration into mainstream finance. Although the regulatory context remains uncertain, this development is anticipated to not only boost awareness of cryptocurrency markets and blockchain technology...
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