Months after the EU got its first Bitcoin ETF, the U.S. joined the game, and one EU analyst speculates about the market access it could open up, along with a potential kick-off to a bull market.
Both the traditional finance (TradFi) and decentralized finance (DeFi) spaces have been buzzing with anticipation around the decision from the United States Securities and Exchange Commission (SEC) to approve the country’s first spot Bitcoin (BTC) exchange-traded funds (ETF).
The historic decision brings curiosity about its effects on the markets and, of course, on Bitcoin itself.
However, across the pond in Europe, the excitement of a Bitcoin ETF has already dulled, as the continent saw its first spot Bitcoin ETF introduced on Aug. 15, 2023.
