Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrency leaders foresee maturity after approval of spot Bitcoin ETF amid volatility concerns.
ADOPTION NEWS

Cryptocurrency leaders foresee maturity after approval of spot Bitcoin ETF amid volatility concerns.

By Crypto FlexsJanuary 11, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency leaders foresee maturity after approval of spot Bitcoin ETF amid volatility concerns.
Share
Facebook Twitter LinkedIn Pinterest Email

Prominent figures in the cryptocurrency industry have expressed optimism about increasing cryptocurrency adoption and the maturation of the cryptocurrency market. US Approval of Spot Bitcoin ETFAnalysts have warned of potential risks associated with Bitcoin price volatility.

Anthony Scaramucci, former White House communications director and now founding and managing partner of SkyBridge Capital, said in a statement shared with The Block that the approval of a spot Bitcoin ETF signals recognition of Bitcoin as a “legitimate asset.”

“We believe this approval will pave the way for greater mainstream education and acceptance of the benefits and utility of blockchain-based assets and infrastructure,” Scaramucci added.

Securities and Exchange Commission today presentation Spot Bitcoin ​​ETF Approved, 11 ETFs are scheduled to begin trading on Thursday. The 11 tradable spot Bitcoin ETFs approved on Wednesday are Bitwise, Grayscale, Hashdex, black stoneValkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin Templeton.

““This day will be remembered in cryptocurrency history.” Richard Teng, the new CEO of Binance, the world’s largest cryptocurrency exchange, said. “The arrival of spot Bitcoin ETFs has made BTC accessible to a whole new class of investors and made Bitcoin a more accessible asset for many people interested in cryptocurrencies,” he wrote. post At X.

Asset managers remain optimistic

Grayscale via approval turned After a long journey and a court victory in August that ruled that the SEC must reexamine Grayscale’s bid for a spot Bitcoin ETF, the company finally launched its flagship product, Grayscale Bitcoin Trust (GBTC), as a spot Bitcoin ETF. It was incorporated into.

Barry Silbert, founder and CEO of Digital Current Group, Grayscale’s parent company, said GBTC has attracted nearly a million investors since launching in the U.S. in 2013 and has amassed more than $28 billion in assets under management with daily trading volume. It amounts to hundreds of millions of dollars.

“Grayscale deserves tremendous credit today for pushing this through the courts,” says co-founder and CEO Brian Armstrong. coinbaseX said it would act as custodian for eight spot Bitcoin ETFs. post today.

Cynthia Lo Bessette, head of digital asset management at Fidelity, noted in a statement to The Block that the approval signals positive momentum for the industry. “We have long believed that a spot-priced, exchange-traded product would be an efficient way for investors to gain exposure to Bitcoin,” she said.

VanEck CEO Jan van Eck said: blog post With many spot Bitcoin ETFs hitting the market, one way for investors to decide which ETF to invest in is to “consider the commitments of the ETF sponsor.”

“We also recognize that investing in Bitcoin is difficult due to its newness, volatility, and other risks,” he wrote. “This is why we ask investors to dollar-cost average: Start right away (small), but maintain dollar-cost averaging over time and Dear Life (or HODL).”

Meanwhile, the president of stablecoin issuer Tether said he expects ETFs to lead to widespread adoption. “This increased attention and legitimacy will spark a wave of innovation, attracting more talent and capital to the industry,” Paolo Ardoino, CEO of Tether and CTO of Bitfinex, said in a statement. .

potential danger

SEC Chairman Gary Gensler While Crypto Industry Celebrates Approval said On Wednesday, the agency I do not support Bitcoin This is because they approved spot Bitcoin ​ETFs.

Gensler noted that the SEC’s decision “in no way signals the commission’s commitment to approving listing standards for crypto asset securities.”

“Additionally, the approval does not signal anything about the Commission’s views regarding the status of other cryptocurrency assets under the federal securities laws or the Commission’s views regarding the non-compliance status of specific cryptocurrency asset market participants with the federal securities laws,” he continued.

Rajeev Bamra, SVP of digital finance at credit rating agency Moody’s Investors Service, said ETF approval could make cryptocurrency markets more stable and liquid. However, the sustainability of this positive trend is uncertain. “It depends on the trajectory of global monetary policy decisions.” and Availability of Cryptocurrency for Institutional Investors through compatible products

“Bitcoin’s notorious price volatility and value fluctuations for stablecoins and other cryptocurrencies may expose mainstream investors to investment risks with which they are less familiar,” said Yiannis Giokas, senior director at Moody’s Analytics.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025
Most Popular

Analyst Issues Altcoin Alert, Says Black Swan Event Could Cause ‘Final Shake’

November 5, 2024

OKX TR Launches Exclusive Sui Learning and Earning Campaign

June 5, 2024

Traders are issuing cryptocurrency market alerts and warning that one or more flushes are likely to occur before the end of the year. Here’s his outlook:

December 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.