Mike Novogratz, CEO of Galaxy Digital, recently elaborated on the significant impact exchange-traded funds (ETFs) will have in fostering Bitcoin's adoption
Mike Novogratz, CEO of Galaxy Digital, recently elaborated on the significant impact exchange-traded funds will have in fostering Bitcoin's adoptionIn a recent interview with Forbes, Novogratz stressed the transformative role of traditional finance in propelling Bitcoin's next phase of growth. Novogratz's optimism is significantly buoyed by the recent U.S. Securities and Exchange Commission's approval of the first U.S.-listed spot bitcoin exchange-traded funds.
This move could address some of the liquidity and volatility concerns that have previously deterred more conservative investors from entering the crypto market.Despite the positive momentum generated by the introduction of ETFs, Novogratz cautions about the lingering regulatory uncertainties that cloud the industry's future
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