Traditional Wall Street firms are pushing for Ethereum ETF approval
TechFlow news, according to Cointelegraph, Bill Qi, chairman of Cypher Capital and former global head of financing at Binance Labs, said: “It is not people in the cryptocurrency circle pushing for the approval of ETFs, but Wall Street companies doing their best to achieve this. Goal. The main lobbyists for the Ethereum ETF will be institutional asset managers. It is in their best interest to launch an ETF and get ETF approval because they are in the AUM (Assets Under Management) game and in order to increase AUM they need to get ETF approval .”
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.
You may also like
BlackRock IBIT holdings drop to 777,700 BTC
Google is building a software and hardware ecosystem to deploy its custom TPUs.
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.