A number of business consultants interviewed by CoinDesk mentioned that regardless of BlackRock’s bid to launch a spot bitcoin ETF, do not anticipate the product to take off anytime quickly.
Hedge fund supervisor James Koutoul mentioned that whereas the crypto neighborhood’s optimism is justified, he is undecided it will likely be confirmed.
“The ETF is not going to be permitted till the Coinbase lawsuit is resolved or suspended as a result of regulators need ETFs to be very dependable,” he mentioned.
The overwhelming majority of consultants polled predicted that whereas it should take and maybe longer than the crypto neighborhood imagines, BlackRock may take the highest spot within the ETF race.
“If anybody may get approval, it ought to be BlackRock, as a result of BlackRock has a file of just one utility out of about 500 being completely denied, and the U.S. authorities does a lot enterprise with BlackRock,” Koutoul mentioned. “.
DISCLAIMER: The knowledge supplied by WebsCrypto just isn’t an funding supply. The articles revealed on this web site mirror private opinions solely and don’t have anything to do with the official place of WebsCrypto.
