It was a good news for most of the crypto investors as the SEC has approved the Bitcoin spot ETF. It took the SEC more than 11 years to actually see the value in the Bitcoin. This is actually good news because it will help the Investors to invest in the simple way possible.
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What I have seen that a lot of people does not invest in crypto as there are so many things, converting currency to USDT and then buying bitcoin and then for selling convert the bitcoin to USDT and then take out the money. And to do this they have to create an account in a new exchange etc.
But with the Bitcoin ETF, you can use your local exchange and buy sell the bitcoin in the form of ETF just like any other stock. For that it eases the process, no need to create a new exchange account, no need to convert and buy etc. Just buy the ETF. The only downside is that you are limited to the trading hours and thus you will buy and sell only on those hours.
If I talk about Indians, we also have new ways of investments. As you know there are a lot of regulations, taxes and other things for buying yhe crypto. Now when we have the Bitcoin ETF listed, we will buy it just like any other US stock using the app like IndMoney etc. And the tax will also be similar to the normal tax which we pay for US stock tax. So we don't have to worry about much of the regulations and it will help us to invest in simple way possible.
We can see a lot of investors just waiting for the ETF launch to get started with the crypto world. I know buying direct is the best way, but if you cannot do it next best way is by buying using the ETF. This way you will be able to accumulate units and then keep it for long term to sell for profit.
Also it will not be used like a currency where you can use your butcoin to but other coins and things but will be used like your portfolio stock which will give good returns in the future.
