Spot Bitcoin ETF approved, but not in the US By Cointelegraph

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discusses the first spot exchange-traded fund (ETF) approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal.

Moving on, Pechman shifts focus to the United States Bitcoin ETF landscape, where the Securities and Exchange Commission (SEC) has once again delayed its decision on approving a spot Bitcoin (BTC) ETF, setting a potential deadline for early 2024. This recurrent cycle of postponements echoes the challenges faced over the past decade.