The future of cryptocurrencies is uncertain, but the interest in it, which is growing year by year, makes it clear that it is no longer a niche topic. Especially since today, October 19, you can officially invest in the king of crypto in one of the largest business institutions in the world. All because the New York Stock Exchange has accepted Bitcoin.
What does it mean that the New York Stock Exchange has adopted Bitcoin?
This means that Bitcoin entered the New York Stock Exchange for the first time, allowing investors to invest in this cryptocurrency without owning it directly, because through conventional brokerage accounts.
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As reported by The New York Times, ProShares has launched an ETF fund on the New York Stock Exchange, which is related to Bitcoin futures.
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In an interview with the magazine, the CEO of ProShares said that “2021 will be remembered for this milestone”, giving investors “convenient access to Bitcoin”. This is an important step for all cryptocurrencies, as for a decade entrepreneurs and traditional financial companies have been trying to get permission to run a Bitcoin ETF in the United States. Most of their applications are constantly delayed or rejected.
