Kevin O’Leary, the acclaimed investor from the hit TV series “Shark Tank,” has recently expressed his reservations about the value of Bitcoin exchange-traded funds (ETFs). Despite his recognition as a long-standing Bitcoin investor, O’Leary sees limited appeal in the current frenzy surrounding Bitcoin ETFs. His primary concern revolves around the fees charged by ETF issuers, which he believes offer little benefit to investors like himself who prefer holding Bitcoin for the long term.
ETF Landscape: A Mixed Outlook
The approval of ETFs by the U.S. Securities and Exchange Commission (SEC) was initially met with enthusiasm, marking a significant regulatory milestone. However, O’Leary predicts a survival challenge for many of these ETFs. He anticipates that only a few, particularly those backed by powerhouses like Fidelity and BlackRock, will thrive due to their robust sales networks. This prediction aligns with Galaxy Digital CEO Mike Novogratz’s expectations, foreseeing a sta
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