CryptoNewsBreaks – Upstream Eyes Opportunity in Future of Blockchain-Powered Trading
A blog written by Vanessa Malone highlights the recent granting of approval by the U.S. Securities and Exchange Commission for the first-ever U.S.-listed exchange-traded funds (“ETFs”) designed to track the performance of bitcoin. The development is widely regarded within the industry as a significant and pivotal moment for the cryptocurrency and greater blockchain sector. The piece describes ETFs as publicly traded investment vehicles that track the value of an underlying asset. Spot bitcoin ETFs are described as investment vehicles that provide ordinary investors exposure to the price moves of bitcoin from their regular brokerage accounts. “The purpose of this kind…