The Bitcoin ETF Launch Changes Little

Plus, forget regulators, it's consumers who are driving open banking.

Number of the Week: 73% (explanation below)

The Bitcoin ETF Launch Changes Little

So spot Bitcoin exchange-traded funds (ETFs) began trading in the U.S. on January 11, and the world seems very much the same, doesn’t it? Neither the fears of detractors nor the fantasies of advocates appear to have materialized. You’d have to be paying very close attention to notice any ripple effects from the introduction of these funds, and the normalcy of their absorption into the yawning market calls into question the objections that the Securities and Exchange Commission (SEC) made for years, refusing to allow these instruments to be traded.