Odaily News Swan Bitcoin CEO Cory Klippsten said in an interview with Bloomberg that the Bitcoin spot ETF functions like an IOU for the product and is different from futures-based alternatives. Essentially, it represents a paper version of Bitcoin, but requires companies to back investors by purchasing actual Bitcoins. Klippsten said: “This is a great way for people to get exposed to Bitcoin and then hold more Bitcoin if they want to explore Bitcoin more deeply.” In addition, Klippsten’s work with other cryptocurrency analysts The view is unanimous, they believe that the Bitcoin ETF is expected to be approved in January 2022. He expressed optimism: The time window seems to have narrowed to January 8, 9 or 10. Given all the signals we are getting from the US SEC and people familiar with the matter, this seems to make sense. (Cointelegraph)