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Bitcoin ETFs Have Been Trading Around the World for Years—Here’s How They’ve Done

Your Web3 Gaming Power-Up Enjoy exclusive benefits with the GG Membership PassDecrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEBitcoin is off to a banging start in 2024, as traders in the U.S. await the SEC’s approval of the first true Bitcoin ETF in the United States, undoubtedly the crypto industry’s most elusive goal over the last decade.But Bitcoin ETFs are, in fact, not new. They’ve been trading around the world for years. Even in the Americas, ETFs and crypto-based mutual funds are all over the place, and things have turned out pretty well for these markets: no economic collapse, no anarchy, and no threats to sacred principles of democracy, despite what some lawmakers and regulators in the U.S. might say about crypto. Instead, trading activity around these alternative assets have brought some life back to markets that suffered from the pains of a global pandemic.From Brazil and Chile to American neighbors to the north in Canada, investors in these markets have been dipping their toes into the future for some time with several cryptocurrency ETFs. And these markets offer a sneak peek at what U.S. investors might expect when a Bitcoin ETF finally hits U.S. soil.

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2024-04-17

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