The SEC has recognized the Bitcoin Spot ETF as a security after several dramatic events in the US, its dimensions have also begun.
The Living Daylight
The commercial sector with approved Bitcoin Spot ETF has already started competing to attract investors. For example, BlackRock fixed its fee at 0.3%, while its competitor Ark Invest fixed its fee at 0.21%; in competition with it, BlackRock reduced its fee to 0.25%, as well as lowred at 0.12% for the first $5B invested.
License to Thrill
Gary Gensler approved the ETFs out of compulsion, because of Court order and yesterday's market manipulation acquisition, so he does not want to anger the industry. However, encouraged by the legalisation of their Bitcoin spot ETF, the industry is also trying to attract government treasury; for example, ARK is trying to woo Stare Treasurers and pension funds.
The World Is Not Enough
Bitcoin has always been an international economic issue, and whether it is recognised in the US or not, it is always a step behind those who already have a Bitcoin economy. Nayib Bukele has also targeted the ETF, saying that BlackRock (an example of an American company) is now doing the same with Bitcoin, which is already in El Salvador.
