In a Jan. 2 interview on Bloomberg TV, CBOE Digital president John Palmer said that an approval will open the door to a new wave of institutional and, eventually, retail interest in Bitcoin derivatives.
“Approval is going to pave the way for pension funds and RIA-based funds to be able to invest in assets in a spot Bitcoin ETF,” he said, adding that many funds are currently unable to gain direct exposure to Bitcoin.
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In a Jan. 2 interview on Bloomberg TV, CBOE Digital president John Palmer said that an approval will open the door to a new wave of institutional and, eventually, retail interest in Bitcoin derivatives.
“Approval is going to pave the way for pension funds and RIA-based funds to be able to invest in assets in a spot Bitcoin ETF,” he said, adding that many funds are currently unable to gain direct exposure to Bitcoin.