Bitcoin ETF approval: what are the implications for the crypto sector?

On January 10^th this year, the SEC's approval of Bitcoin ETFs sparked a surge in institutional participation with this global impact having raised speculation regarding other jurisdictions adopting spot crypto ETFs. However, concerns about market volatility persist. The SEC’s approval of BTC ETC also holds implications for DeFi, bridging traditional finance and decentralized platforms. The legitimization of Bitcoin as an institutional investment demands robust risk management and ongoing investor education, shaping the future of the crypto ecosystem. Antony Abell Co-founder of Trust Property Exchange Ltd believes: “The approval of eleven US-based Bitcoin ETFs by the SEC is heralded as the birth of a global 'central bank of Bitcoin'. Although surely questions arise about the concentration of BTC ownership within US financial institutions and the global liquidity under US regulatory authority”. The likelihood of international listings hinges on regulatory dynamics and market demand, wit…