Bitcoin ETF to boost cryptos as US regulations evolve

Abstract

Significance This decision, the near tripling of Bitcoin’s price from its low of USD16,586 last November and the conclusion of legal cases against FTX's Sam Bankman-Fried (fraud) and Binance's Changpeng 'CZ' Zhao (money laundering) signal that crypto’s most recent 'winter' is receding. Impacts A smooth rollout of spot Bitcoin ETFs would make it easier for other digital-asset ETFs to be approved in future. The prices of Bitcoin and other leading cryptocurrencies such as Ethereum will rise but experience some volatility in the immediate term. Illicit uses of cryptos will continue but oversight and transparency will improve.