“Bitcoin itself is not even a developed market, let alone to build an ETF on top of it,” said Reginald Browne, managing director at KCG Holdings, at the time. “There has to be some investment merit to bring an ETF to the marketplace, and without that, it is not going to be successful. Investors won’t expand it; market-makers can’t trade it.”
Bitcoin (BTC) ETF Approval Marks Conclusion of a Decade-Long Journey
