For many advocates, the green light for a spot bitcoin ETF (exchange-traded fund) signifies a pivotal moment in the progression of digital assets. Pantera Capital’s Dan Moorehead views this evolution not merely as another chapter in the crypto narrative, but as a transformative leap in the recognition and accessibility of bitcoin for investors. As the financial community eagerly awaits this shift, Moorehead’s recent investor letter illuminates the potential for bitcoin ETFs to alter perceptions toward digital currencies.

Pantera...