![](https://www.coindesk.com/resizer/9vseB1XVBjllX1M7AM36xy2DZWg=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7IF3US247ZHZXCS2VNHKJOY3UQ.png)
“It would still open the floodgates for institutional adoption and hopefully result in a spot-backed ETF being approved in the not-so-distant future, which would allow ordinary people to include the asset easily” in their brokerage accounts, Marcus Sotiriou, sales trader at the U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk.