SEC Bitcoin ETF Approval Appears Imminent, Raising Hopes and Concerns About Crypto's Future With Traditional Finance
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A spot market bitcoin ETF in the U.S. now appears likely after years of rejection by the SEC.
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Approval could boost bitcoin's price and legitimize crypto, but some worry about centralized control.
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TradFi like BlackRock brings huge capital to crypto but threatens decentralized ethos.
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Greater TradFi involvement may heighten competitiveness and expand crypto adoption.
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With balanced regulation, TradFi and crypto can coexist by serving different demographics.
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