“An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance,” Matrixport continued. “From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin as an alternative store of value.”
Related posts
-
ETH Price Dips As Ethereum ETF Approval Faces Delay
Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping... -
Bitcoin Price Takes a Step Back: Analyzing The Recent Correction
Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains... -
Spot Ethereum ETF to drive Ether demand
SCRYPT CEO Norman Wooding told crypto.news several factors point to higher Ethereum prices if the SEC...