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A spot bitcoin ETF marks the end of crypto as a 'novel' asset class - and the beginning of a world where it can be part of every portfolio," Nathan McCauley, CEO and co-founder of institutional crypto unicorn Anchorage Digital wrote to IBD. "SEC approval opens the floodgates for trillions of dollars to safely flow into the digital asset ecosystem via a regulated and accessible wrapper that suits consumers and institutions of all types."
SEC approval