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Morgan Stanley Executive Chair – James Gorman has called Bitcoin a speculative asset. Yet he believes it isn’t a fad and is not going away.
Hassan Ahmed, the Country Director for Singapore at Coinbase, told CNBC
“This spot Bitcoin ETF (exchange-traded fund) for the US markets is really as foundational and as big a deal as people are making it out to be. It’s a structural market change for this asset class that’s coming into its being.
Also, the Chicago Board Options Exchange (CBOE) Digital President John Palmer believes that more funds will flow in after the approval of the spot Bitcoin ETF. He said:
“I think the spot ETF approval is really bullish for the overall sentiment of the market.
And I think seeing that approval really is going to pave the way for pension funds and Article RIA-based funds to be able to invest assets in a spot Bitcoin ETF where they may not be able to gain that access today and just a native spot Bitcoin token.”
Similarly, on December 26, 2023, BeInCrypto reported how a spot Bitcoin ETF approval could give easy Bitcoin exposure to retirement savers.
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