Breaking Crypto News – Storm Partners Perspective: What Role Do Bitcoin ETFs Play in Legitimizing the Crypto Industry?
Breaking Crypto News – Investors view the cryptocurrency market as legitimate now that the US spot Bitcoin ETFs have been approved. The first regulated, publicly traded investment products based on Bitcoin have debuted since the first U.S. spot Bitcoin ETFs were approved in January. Sheraz Ahmed, managing partner of Storm Partners, added that the introduction of the Bitcoin ETFs has brought about a major change in investor mindset.
I do believe the Bitcoin ETF, not from what it is, but from what it means, has had a large effect. And over the past couple of months, we’ve seen an incredible change in mentality.
Ahmed
Regulatory Approval Increases Investor Confidence
In particular, the mainstream community’s perception of the cryptocurrency business has greatly improved with the introduction of Bitcoin ETFs. However, according to Ahmed, the underlying regulatory approval—rather than the publicly traded goods themselves—is what is providing cryptocurrency investors with greater peace of mind.
When I look into people’s eyes, I see that they can finally breathe. This industry is not going away tomorrow. And that reassurance for an entrepreneur is like eight hours of sleep.
Ahmed
FAQ
Who is the Crypto Regulator?
Under the currency system, the Financial Conduct Authority (FCA) controls licensing for companies that are authorized to handle cryptocurrencies, including exchanges. Those who are applying for licenses must adhere strictly to their tight set of criteria.
Is Crypto Highly Regulated?
From the standpoint of the SEC, a lot of cryptocurrency offerings are essentially the same as sales of securities. As a result, cryptocurrency businesses have to abide by the same rules governing investor protection as companies that are publicly traded.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment