President of the Chicago Board Options Exchange (CBOE) John Palmer has revealed his optimism on the approval of the Bitcoin Spot Exchange-Traded Fund (ETF) and its effect on the cryptocurrency landscape.
Bitcoin Spot ETF Will Pave For Pension And RIA-Based Funds
The CBOE Digital’s president shared his optimism in a recent interview on Bloomberg TV on Tuesday, January 2. His remarks are made one week before the SEC’s mandatory deadline of January 10, in which the regulatory watchdog is expected to decide whether or not to approve the spot BTC ETF.
According to him, Bitcoin Spot ETF will attract new institutional investors following approval from the United States Securities and Exchange Commission (SEC).
Palmer stated:
I think seeing that approval is going to pave the way for pension funds and RIA-based funds to be able to invest in assets in a spot Bitcoin ETF where they may not be able to gain that access today in just a native, spot Bitcoin token.
Furthermore, he has asserted t
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