By SNN.BZ Staff
Bitcoin ETFs approved by SEC, opening up new investment opportunities.
The U.S. Securities and Exchange Commission (SEC) has approved the first-ever batch of spot bitcoin exchange-traded funds (ETFs) to come out of the U.S.
This move will give investors increased ways to gain exposure to bitcoin, which they can now hold via existing financial instruments that trade on a regulated stock exchange.
In the aftermath of multiple Bitcoin ETF’s now having been approved, investors that were waiting in the wings are now legally able to invest in cryptocurrency.
It’s important to note that these ETFs are available through online brokers who offer traditional securities like stocks and bonds. Unfortunately, not everyone has access to these financial tools or brokerages.
Don’t miss out on being part of the largest wealth transfer in human history. You don’t have to go through a brokerage you can purchase and hold your own bitcoin.
Additionally, it’s worth noting that the total number of bitcoins that can be mined is capped at 21 million.
This cap was designed by Bitcoin inventor Satoshi Nakamoto to increase the cryptocurrency’s scarcity over time, which tends to increase demand and price. As of December 18, 2023, there were 19,573,975 bitcoins in existence, with 1,426,025 bitcoins left to be rewarded. The closer the circulating supply gets to the limit of 21 million, the higher prices are likely to climb.
Over 6 million have already been lost (never to be recovered). The last of the bitcoin supply will be mined in 2140.
If you’re interested in acquiring bitcoin, you can contact us directly at [email protected]. We can help you purchase bitcoin and guide you through the process.