Spot Bitcoin ETF Odds ‘Might Have Increased To 100%’: Matrixport
Digital finance platform, Matrixport, released a research note suggesting that the prospects of a spot Bitcoin ETF in the US may have improved following regulatory crackdowns in the cryptocurrency industry and a guilty plea from Binance CEO, Changpeng Zhao. The note suggests that increased compliance among crypto exchanges and a shift towards regulatory alignment with traditional finance systems could be key to the approval of a Bitcoin ETF. Matrixport also noted the potential sale of the FTX exchange and its relaunch under US securities law compliance by Q3 2024, which could result in significant investment into any US-listed Bitcoin ETF. The firm believes that stricter regulation will enhance Bitcoin's adoption by institutional players and position it as a safe-haven asset.
