The approval of a US-based Spot Bitcoin ETF marks a milestone in crypto history, more than a decade after Gemini co-founders Cameron and Tyler Winklevoss filed the first spot bitcoin ETF application. This approval signifies bitcoin's legitimacy and permanence in the financial landscape, setting the stage for increased participation by authorized participants, exchanges, and custodians. Bitcoin ETFs will revolutionize how traditional investment funds in the US approach bitcoin, potentially reshaping portfolios and diversifying investments. This approval is not just about bitcoin, it's about the broader digital asset industry. Anticipate an acceleration in commercial activities related to altcoins, DeFi, and Web3 assets and companies operating within those industries. Beyond the financial impact, the approval marks a new phase in the history of Bitcoin ETFs. Evolving regulatory frameworks, improved custodial arrangements, and increased industry maturity pave the way for this monumental shift. This is a monumental step towards unlocking the next era of financial, creative, and personal freedom through crypto. Hear from our Head of Institutional, Claire Ching, on this milestone. Onward and Upward!