Bitcoin ETFs legitimized the crypto industry for investors — Storm Partners. The approval of the Bitcoin ETFs has offered investors a welcome sign of relief beyond the first publicly traded Bitcoin-based products.The approval of United States spot Bitcoin exchange-traded funds (ETFs) has legitimized the cryptocurrency industry in the eyes of investors.The approval of the first U.S.-based spot Bitcoin ETFs in January has resulted in the launch of the first regulated, publicly traded Bitcoin based investment vehicles.Moreover, the launch of the Bitcoin ETFs has provided a significant shift in investor mentality, according to Sheraz Ahmed, the managing partner of Storm Partners, who said:“I do believe the [Bitcoin] ETF, not from what it is, but from what it means, has had a large effect. And over the past couple of months, we’ve seen an incredible change in mentality.”

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*Sheraz Ahmed, managing partner of Storm Partners at Decentral House. Source: Storm Partners*