Citigroup Inc. introduces Bitcoin-backed securities as a strategic alternative to Bitcoin Spot ETFs.
These securities aim to navigate the billion-dollar market without needing the conventional SEC approval for ETFs.
Citigroup Inc., a leading American investment bank, has launched Bitcoin-backed securities as an innovative alternative to the anticipated Bitcoin Spot ETFs. This development, amidst uncertainties in the crypto market and the SEC’s undecided stance on BTC Spot ETFs, highlights Citigroup’s significant move in the evolving landscape of cryptocurrency finance, reflecting the continued robustness of BTC Spot prices.
According to recent CNF reports, the market has seen a notable increase in the prices of spot ETFs, regardless of the uncertain status of U.S. regulatory approval. This trend highlights the market’s resilience and the growing interest in Bitcoin-based financial products.
Furthermore, referring to recent Bloomberg’s update, Citigroup’s foray into this domai

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