Overview

• Bitcoin ETFs are expected to be approved by regulators in the coming days, making it easier and safer for the public and institutional investors to invest in the digital currency.
• Industry giants BlackRock and Fidelity are among those positioned to make the first offerings, which could trade on exchanges like NASDAQ.
• The approval of Bitcoin ETFs could lead to a flood of money that will push the price of bitcoin even higher over the coming weeks, months, and years.
• The approval of a Bitcoin ETF by the SEC would mean that institutional investors can more easily speculate on the price of Bitcoin, bringing Bitcoin to Wall Street.
• Analysts predict there will be about $55 billion to $60 billion invested in these ETFs by the end of the next two or three years.