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February 06, 2024

What Does the SEC Approval of Bitcoin ETFs Mean for Cryptocurrency?

Will we ever see bitcoin transition into a broadly accepted currency used on a day-to-day basis?


In this episode of Focus Perspectives, Head of Investment Research Jared Kizer shares our outlook on bitcoin given what we’ve seen so far in early 2024. Although the SEC has recently approved multiple bitcoin ETFs, our take remains consistent – it still has not matured into a true form of currency, and we believe that’s unlikely to happen anytime soon.

If you have any questions please feel free to drop us a note.

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based on third party data and may become outdated or otherwise superseded without notice. Third party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. The time frame chosen because of the dates of available data. The inception of the AIEQ ETF was 2017. Indices are not available for direct investment. Their performance does not reflect the expenses associated with the management of an actual portfolio nor do indices represent results of actual trading. Information from sources deemed reliable, but its accuracy cannot be guaranteed. Performance is historical and does not guarantee future results. All investments involve risk, including loss of principal. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this information.

About the Author

Jared Kizer

Lead Research Analyst

Jared Kizer is the Lead Research Analyst for Focus Partners Wealth. By reading and analyzing the latest research in investment strategy and finance, Jared is able to draw practical applications and apply his findings to help clients improve the structure of their portfolios and achieve their goals. He is also a member of the firm’s Investment Policy Committee, which evaluates findings from academic research and applies that learning to develop its investment strategy recommendations.
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