How Did Bitcoin ETFs Change Institutional Adoption of Cryptocurrency?

A pension fund does not necessarily need to learn how to store Bitcoin to gain exposure to it.That may sound like a small distinction, but it explains why the Bitcoin ETF became such an important part of the institutional crypto story.Institutions could already buy Bitcoin before spot ETFs arrived. The obstacle was not simply access to the asset. It was fitting a digital bearer asset into investment systems designed around securities, custodians, brokers, reporting procedures and internal contro