Opinion by: Margaret Rosenfeld, chief legal officer of Everstake
For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that forced the US Securities and Exchange Commission to reconsider, did data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/spot-bitcoin-etfs-broke-records-in-2024-can-they-do-it-again-in-2025″ title=”null”>spot Bitcoin ETFs finally gain SEC approval in the United States.
The long road to that point underscored the regulatory caution, political scrutiny…
