Tuesday, July 1, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

Coinbase CEO Brian Armstrong Says SEC’s Spot Bitcoin ETF Approvals Will Attract New Pools of Capital to Crypto

n70products by n70products
January 12, 2024
in Regulations
0
Coinbase CEO Brian Armstrong Says SEC’s Spot Bitcoin ETF Approvals Will Attract New Pools of Capital to Crypto
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The chief govt of Coinbase is weighing in on the impacts of the authorized spot market Bitcoin (BTC) exchange-traded funds.

In a brand new interview on CNBC Squawk Field, Coinbase CEO Brian Armstrong says that the spot BTC ETFs will deliver into the crypto market new sources of capital.

“This can be a monumental step for the crypto business and for Coinbase too. And the reason being that there’s 52 million People who’ve been utilizing crypto over the previous decade. And I believe they’ve been hungry for some form of acknowledgment from the federal government and the SEC (U.S. Securities and Alternate Fee) specifically that this asset class is right here to remain. And so they lastly obtained that. It took a very long time.

I need to give a giant shout-out to Grayscale, which is without doubt one of the companies that pursued this within the courtroom to lastly get it to fruition, however it lastly occurred. We had a variety of ETFs authorized [Wednesday]. And naturally, it was a giant day for Coinbase too, as a result of we have been named because the custodian in 10 out of 13 of those functions. So, I believe which means over time we’ll see new swimming pools of capital come into Bitcoin.

However extra importantly, we had an enormous regulatory milestone that confirmed the legitimizing energy of this business.”

Armstrong believes that after new customers come into the crypto area by the spot BTC ETF product,  their involvement in digital property will quickly increase.

“This ETF is basically about unlocking new swimming pools of capital that weren’t beforehand accessible. They didn’t have a option to get publicity to crypto and so now they’ll come and get publicity to Bitcoin. That’s nice. New swimming pools of capital are available. However that’s form of step one in individuals’s journey round crypto…

 I believe lots of them will graduate from ETFs to really holding it immediately after which beginning to use it immediately.”

The Coinbase CEO predicts that the spot BTC ETFs are going to result in a big selection of extra crypto-related monetary merchandise.

“I do assume that it will, hopefully, pave the way in which for different crypto property to have their very own ETFs. After which, frankly, we must always have index funds for crypto property too, identical to the S&P 500. Hopefully, possibly at some point it’ll be the Coinbase 500 or one thing like that.

And you may even think about totally different index funds that target DeFi (decentralized finance) or staking or NFTs (non-fungible tokens) or totally different subsets of the crypto market. This can be a actually vital new space of the monetary markets and I believe that it’s going to have all types of recent merchandise come to market after this.”

I

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Verify Price Action

Observe us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

Generated Picture: DALLE3





Source link

Tags: ApprovalsArmstrongAttractBitcoinBrianCapitalCEOCoinbaseCryptoETFPoolsSECsSpot
Previous Post

Ethereum Price Holds Ground As Indicators Suggest Rally To $2,800

Next Post

Bitcoin Stalls At $46,000 Despite Record ETF Day: Here’s Why

Next Post
Bitcoin Stalls At $46,000 Despite Record ETF Day: Here’s Why

Bitcoin Stalls At $46,000 Despite Record ETF Day: Here's Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Ethereum’s Purge update: Here’s what it means for ETH

Ethereum’s Purge update: Here’s what it means for ETH

November 3, 2024
Is the Uptrend Still Safe?

Is the Uptrend Still Safe?

September 27, 2024
Consensys CEO Joe Lubin Says SEC’s Abuse of Power Among Reasons Blockchain Firm Laying Off 20% of Staff

Consensys CEO Joe Lubin Says SEC’s Abuse of Power Among Reasons Blockchain Firm Laying Off 20% of Staff

November 1, 2024
Malaysian Electricity Company Hit Hard By Illegal Bitcoin Mining

Malaysian Electricity Company Hit Hard By Illegal Bitcoin Mining

October 29, 2024
This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over

This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over

March 11, 2025
Can This Drive A New ATH Above $5,000?

Can This Drive A New ATH Above $5,000?

August 24, 2024

Recent Posts

  • US Senators Bid For Crypto Amendments In Trump’s Megabill
  • Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet
  • Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Trump exempts select tech products from tariffs, crypto to benefit?

US Senators Bid For Crypto Amendments In Trump’s Megabill

July 1, 2025
Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

July 1, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version