Bitcoin ETFs: A Reminder for Crypto to Reduce User-Friction for Mass Adoption

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Cointime2024/03/12 00:57

By:Cointime

The recent approval of Bitcoin spot exchange-traded funds in the U.S. is a positive development for the cryptocurrency industry, particularly on the regulatory and institutional fronts. However, it is important to remember that reducing user-friction is crucial for mass adoption. The ETFs have already managed to attract over $9 billion of inflows since their trading started, and are expected to manage assets of $72 billion over five years. While the market appears to be riding on the ETF’s reception towards a bull cycle, native crypto and Web3 companies must continue to lower the technological entry barriers to attract more institutional and retail investors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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