Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Kevin O’Leary says he will never buy a Bitcoin ETF, preferring to hold BTC long term
TRADING NEWS

Kevin O’Leary says he will never buy a Bitcoin ETF, preferring to hold BTC long term

By Crypto FlexsJanuary 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Kevin O’Leary says he will never buy a Bitcoin ETF, preferring to hold BTC long term
Share
Facebook Twitter LinkedIn Pinterest Email

Kevin O’Leary, known as Mr. Wonderful, said he would never buy a physical Bitcoin exchange-traded fund (ETF) because he holds Bitcoin long-term as digital gold. “Why would I pay these fees?” He added that spot Bitcoin ETFs “add no value” and are “completely unnecessary.” However, the Shark Tank star explained that the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF is good news for institutional investors interested in the cryptocurrency.

Kevin O’Leary Won’t Invest in Spot Bitcoin ETFs

Mr. Shark Tank investor Kevin O’Leary, also known as Wonderful, gave some advice about spot Bitcoin exchange-traded funds (ETFs) in an interview with Fox Business last week. The chairman of O’shares Investments and O’Leary Ventures asked how investors should decide whether to invest in a physical Bitcoin ETF and how to choose among 11 funds approved by the U.S. Securities and Exchange Commission (SEC) last week. I received it.

“Well, they are pretty much the same, even if each vendor says otherwise,” he began. The Shark Tank star went on to emphasize that each spot Bitcoin ETF has fees that investors should be aware of. “I would like to look at what the fee structure is,” he advised, noting that fees for 11 spot Bitcoin ETFs range from about 0.21% to 1.5%. O’Leary said:

If you are a purist and hold Bitcoin as digital gold long term like I do, I would never buy an ETF. Why should I pay these fees? It’s completely unnecessary. They add no value to me.

“The best news from this event is that regulation of cryptocurrencies is progressing,” said Wonderful.

Regarding the 11 approved spot Bitcoin ETFs, O’Leary stressed that “there is no chance that they will all survive.” He advised investors to look carefully at assets under management (AUM). Mr. Wonderful continued:

Maybe two or three people will win. I’m confident that giants like Fidelity and Blackrock will eventually lead because they have tremendous sales forces.

Nonetheless, O’Leary said: “The institutions don’t care about this. They don’t care because they will never buy ETFs. They will never pay the fee.” However, he said it was “good news” that the SEC approved a spot Bitcoin ETF, emphasizing that institutional investors like this development. “At the end of the day, it’s a good thing I’m getting into the cryptocurrency industry,” the Shark Tank star concluded.

Earlier this month, O’Leary said he expects institutional interest in cryptocurrencies to remain high regardless of the SEC’s decision on spot Bitcoin ETFs. Last November, he said that “all” institutions and major institutions he had spoken to were ready to invest in Bitcoin. “They’re not interested in the 10,000 token story,” he said. “Bitcoin has proven itself to be sufficiently liquid and a store of wealth that most people consider it a commodity.”

What do you think about Kevin O’Leary’s comments about Bitcoin and spot Bitcoin ETFs? Let us know in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Trader Says Ethereum Rival Is One Of His ‘Highest Conviction’ Trades, Predicts Major Catch-Up On Bullish Catalyst

September 30, 2024

New loanable assets available for Binance Lending and VIP Lending

April 10, 2024

China’s ‘crypto dad’ faces government investigation

April 28, 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.