Thanks to ProShares Bitcoin ETF’s success, FTX CEO won’t be surprised to see…
The very first American Bitcoin ETF, $BITO, started trading on the New York Stock Exchange earlier this week to much support and record-breaking volumes. It rallied by more than 4% on its debut. Now, according to the CEO of FTX, this is a “huge step forward” for the industry as a whole.
During a recent interview with CNBC, Sam Bankman-Fried noted that the launch of a Bitcoin ETF in the U.S could pave the way for more structured crypto-investment products to enter the market. This, ideally, will lead to more institutional interest in the market’s top digital asset.
This could, in fact, be how the future of the crypto-industry turns out. A recent study by Fidelity found that 90% of surveyed institutional investors expressed a desire for digital
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