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What the launch of bitcoin futures ETFs means in the quest for a bitcoin spot ETF

Quick Take

  • The first bitcoin-based ETFs have finally launched in the U.S. — but they are tied to bitcoin futures, not bitcoin itself. 
  • Why are regulators happy to allow futures ETFs but not bitcoin spot ETFs? And what does this mean for issuers still hoping to launch spot ETFs?
Regulators in the US have allowed the listing of bitcoin futures ETFs. What does that mean for those still hoping for a bitcoin spot ETF?

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