A host of new institutional investors including pension funds and registered investment adviser-based vehicles will flock to Bitcoin assets if US regulators approve the first-ever spot exchange-traded fund for the cryptocurrency, according to CBOE Digital’s president.
“Seeing that approval is going to pave the way for pension funds and RIA-based funds to be able 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,” John Palmer said in an interview on Bloomberg TV.
WATCH: CBOE Digital President John Palmer discusses the spot Bitcoin ETF.
Source: Bloomberg
Earlier on Tuesday, Bitcoin
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