The U.S. Securities and Exchange Commission’s (SEC) nod to Bitcoin ETFs has circled through the crypto sector. It has sparked both optimism and some skepticism.
Gerald Goh, co-founder and CEO of crypto bank Sygnum Singapore, is positive. Goh views the SEC’s approval as a key marker for Bitcoin’s legitimacy. The official recently said in an interview that it paves the way for institutional players to embrace crypto, potentially ushering in its mainstream adoption.
Contrasting this enthusiasm is “Shark Tank” personality Kevin O’Leary, who remains unimpressed. During a Fox Business interview, O’Leary, a self-professed Bitcoin purist, dismissed the idea of investing in ETFs. He questioned the rationale behind paying additional fees for ETFs, asserting that they offer no value to long-term Bitcoin holders like him.
Bitcoin ETF debate reignites
Investing in Bitcoin through ETPs carries a blend of advantages as an investment. But it has its drawbacks. ETFs make access easy fo
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