United

Bitcoin

Status

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-gains-commodity-status-in-the-us-and-prospects-in-europe" rel="noopener noreferrer nofollow">Bitcoin Gains Commodity Status in the US and Prospects in Europe</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-mining-behemoths-expand-holdings-as-sell-offs-subside" rel="noopener noreferrer nofollow">Bitcoin</a> has been officially classified as a commodity in the United States, enabling investment through mainstream exchanges. This milestone followed the U.S. Securities and Exchange Commission’s (SEC) approval last month, which primarily alleviates the security concerns of investors wary of direct cryptocurrency storage. Meanwhile, despite the SEC’s rejection of a Bitcoin spot Exchange Traded Fund (ETF), the government’s acknowledgment further cements Bitcoin’s status as a legitimate investment.</p>
<h2 id="bitcoin-s-wall-street-emergence-and-european-hesitation">Bitcoin’s Wall Street Emergence and European Hesitation</h2>
<p style="text-align: justify">The legitimization of Bitcoin in the U.S. has elevated cryptocurrencies from niche markets to established financial circles, marking a historical moment for digital assets. However, it remains unclear whether Europe will follow suit. Martijn Rozemuller, CEO of VanEck Europe, suggests that European investors are less inclined towards the same level of risk and are more accustomed to traditional investment avenues.</p>
<p style="text-align: justify">Recent statistics highlight that the U.S. dominates with 99% of new investments in professional crypto products, reflecting Europe’s tepid demand for such investments.</p>
<h2 id="regulatory-hurdles-for-european-bitcoin-etfs">Regulatory Hurdles for European Bitcoin ETFs</h2>
<p style="text-align: justify">The approach to cryptocurrency ETFs differs significantly between the U.S. and Europe. Rozemuller points out that in Europe, it’s mostly individual investors and small independent asset managers that show interest in crypto, while major financial institutions remain wary. The reluctance of European authorities and the existing UCITS regulations, which require diversification in investment products, prevent the creation of an ETF based on a single asset, such as Bitcoin.</p>
<p style="text-align: justify">The evolution of Bitcoin ETFs in the U.S. might eventually inspire a change in European appetites for crypto investment products. As the global financial community continues to navigate the classification and regulation of cryptocurrencies, Europe may well adopt such investment tools in the future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-gains-commodity-status-in-the-us-and-prospects-in-europe" rel="noopener noreferrer nofollow">Bitcoin Gains Commodity Status in the US and Prospects in Europe</a></h5>

Bitcoin Gains Commodity Status in the US and Prospects in Europe

목차

BH NEWS

2024년 2월 20일에 게재된 다른 기사

Cosmos Price Dips Below 20-Day EMA: Can ATOM Crypto Bounce Back?

FG commences installation of e-gates at international airports to check harassment by immigration...

24 Crypto Update, 19 Feb: Altcoin Trading Mixed Amid BTC Dip

New and Best Meme Coins To Buy Tuesday, February 20 – Meme Kombat, Landwolf, Shibwifhat, Magic In...

Daily Price Review: BTC, ETH, BNB, XRP, DOGE

Spectacular rise of Ethereum: Are we on the verge of the altseason?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!