The proposed Bitcoin spot ETF is set to provide immediate and direct access to Bitcoin for 124 million Americans through their brokerage accounts. This move significantly broadens the accessibility of Bitcoin investments. Fidelity, a major player in the investment sector, plays a crucial role with its 43 million customer brokerage accounts. Additionally, Fidelity has submitted its own application for a Bitcoin ETF, which is expected to be approved by January 10, 2024.
