SEC Bitcoin ETF Approval Appears Imminent, Raising Hopes and Concerns About Crypto's Future With Traditional Finance

A spot market bitcoin ETF in the U.S. now appears likely after years of rejection by the SEC.

Approval could boost bitcoin's price and legitimize crypto, but some worry about centralized control.

TradFi like BlackRock brings huge capital to crypto but threatens decentralized ethos.

Greater TradFi involvement may heighten competitiveness and expand crypto adoption.

With balanced regulation, TradFi and crypto can coexist by serving different demographics.