In 2023, something historic happened on the US stock exchange: the launch of an ETF backed by Bitcoin. The US regulator had previously rejected numerous applications from dozens of investment companies but changed its mind once BlackRock filed its own application.
The SEC said it was reluctant to launch a Bitcoin ETF due to various risks for investors. But there’s one risk no one talks about.
One day, quantum computers may be able to use public keys to calculate secret keys to Bitcoin wallets.
If this risk ever becomes real enough, the SEC will have no choice but to shut down Bitcoin ETFs. It would be the first time in history that a regulator has forced an active ETF to close.
Crypto on the stock market would also become a thing of the past.
We haven't been there yet mate, so why the rush and then think that ETF will be history just because of quantum computing? If there will be someone that is going to be affected, then it should be the average investors. But we all know that if you don't exposed your public key or just at least used your address once, then quantum computer will not be a effected as it's being promoted. And also Bitcoin developers are already aware of it and so I think that they might have a plan in motion already if such quantum computer will become a threat to us. So I doubt that the SEC will shut it down, companies that handle ETF will also make adjustments based on what the developers says so that everyone will be safe.