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Already, these funds hold around 40% of the assets compared to MicroStrategy's Bitcoin holdings, underscoring institutional confidence.
Bitcoin's market cap connected to these ETFs has surged ahead of silver, making it the second-largest ETF commodity in the United States.
Ongoing Legal and Regulatory Battles
The SEC's stance remains contentious, with notable disputes involving Coinbase. A recent SEC lawyer's remarks suggest that the SEC's overreach extends to broad, unrelated areas like collectibles ("Beanie Babies," "Pokemon Cards," or even oranges). Meanwhile, the likelihood of Coinbase winning its legal case stands at about 70%, signaling a potential shift in regulatory posture that could benefit the broader crypto ecosystem.