Chainalysis Global Public Policy Vice-President Caroline Malcolm has commented on the “significant step” by the US Securities and Exchange Commission in approving Bitcoin’s ETF, which is already the “second largest class” of commodity ETFs. The US Securities and Exchange Commission said it is not an endorsement of Bitcoin. “This is a really pretty significant step for the world of digital assets in general,” Ms Malcolm told Sky News Australia. “It really ushers in a new group of participants to the market. “The passage of these ETFs into the market really allows a huge new range of institutional investors to actually enter the market. “It’s only been about five days now … and already they’re the second largest class in terms of asset under management of commodity ETFs.”
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