Funds mirroring the spot price of bitcoin have recently made their entrance in the market following the green light from US regulatory bodies. This was a long awaited development in the investment sector. Renowned fund managers such as BlackRock have also dipped their toes into this new investment opportunity.
While this involvement from well-established fund managers could potentially assist in enhancing the reputation of the cryptocurrency, it is important to note that it may not contribute to the actual practical utility of digital assets.
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