The article explains the process of obtaining approval for a bitcoin spot ETF from the Securities and Exchange Commission (SEC). It discusses the potential impact of a bitcoin spot ETF on the market and highlights the importance of institutional involvement for mainstream adoption of cryptocurrencies. The article also mentions the large number of ETFs in the US market and emphasizes the significance of the SEC’s previous rejections of bitcoin ETF applications. Additionally, it emphasizes the need for investors and entrepreneurs to understand the ETF approval process and provides a link to the original article.

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