Spot Bitcoin ETF Approval to Drive Derivatives’ Growth: CBOE Digital President

Potential Approval for Spot Bitcoin ETF Could Revolutionize Institutional Investing

The potential approval for a spot bitcoin exchange-traded fund (ETF) could have a significant impact on the ecosystem for both institutional and retail investors, according to CBOE Digital President John Palmer. He believes that if a spot bitcoin ETF is approved, it could pave the way for pension funds and registered investment advisor-based funds to gain access to bitcoin assets that they currently cannot invest in. This would open up a new avenue of investment for these institutional players, allowing them to participate in the cryptocurrency market.