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Opinion: The launch of a spot Bitcoin ETF will spark more excitement and support for the digital asset

Opinion: The launch of a spot Bitcoin ETF will spark more excitement and support for the digital asset

CointimeCointime2023/12/28 01:27
By:Cointime

Beth Haddock, Managing Partner and Founder of Warburton Advisers, stated that a spot Bitcoin ETF may be approved in 2024, which could change people's perception of digital assets, as the industry faced strong opposition the year before. Looking ahead to 2024, there are two possible developments that are noteworthy. First, the approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission may stimulate more excitement and support for digital assets, clarifying regulatory uncertainty and valuation concerns. Second, driving the modernization of the U.S. capital market infrastructure meets the needs of the digital generation for efficiency and transparency. Upcoming measures such as the T+1 trade settlement deadline and BlackRock CEO Larry Fink's prediction of the market's future driven by token economics emphasize this trend. It is expected that by 2024, institutional support for use cases aimed at achieving this reform, such as Figure's use of the Provenance blockchain, will increase.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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