They weren't the first to have a bitcoin etf in the market but they finally got around to it and the big news came this week with the first bitcoin etf in the U.S.

The news isn't that surprising as rumors have been swirling for some time that such a product was coming soon and there are already multiple options available in the market for bitcoin etfs before this one came out, it was simply going to be a matter of time before one dropped in the U.S. market.

Now after the news dropped about that etf product the coin has surged and is seeing new highs.

With this new product it is expected that not only will a great deal of funding come into the market for bitcoin, but other products that are similar could also follow expanding that demand even further.

However, the not your keys not your coin sentiment still holds strong with those who aren't interested in such security services or products, and would rather have their own bitcoin directly instead of going through a route to invest like this. For others who are open though it is just one option for how to get involved in crypto and there will be more options coming down the road.

The U.S. joins others who have already adopted bitcoin ETFs and there might be more coming soon to join in.

After El Salvador also became the first country to make bitcoin legal tender there are rumors circulating about others looking to do just the same. It might not be that much longer before we see more of both.

More people with bitcoin wallets than traditional bank accounts

In El Salvador where they moved for making bitcoin legal tender they now have 3 million+ who have downloaded bitcoin wallets and there are more people with bitcoin wallets than traditional bank accounts in the region as a result.

There are millions of unbanked individuals around the world who could benefit in the same way that those in El Salvador have by turning to cryptocurrency in the marketplace. It has been estimated that there are between 1-2 billion unbanked individuals around the world today.

not financial advice