Galaxy Digital CEO: Bitcoin ETF approval or acceleration of cryptocurrency adoption
2024-03-26 20:54:26
Mike Novogratz, CEO of Galaxy Digital, said that with the increase of US treasury bond and the halving of Bitcoin, the approval of Bitcoin ETF may accelerate the adoption of cryptocurrency. Despite the decline in Bitcoin prices, Novogratz believes that regulatory approval has opened up a massive $80 trillion wealth pipeline in the United States. The cryptocurrency ETF has attracted an inflow of $11 billion, with Galaxy's partnership with Invesco managing $383 million in assets on Monday. The SEC will rule on Ethereum ETFs in May, while Galaxy Digital is still waiting for SEC approval to go public. Novogratz stated that the industry size will increase significantly in the next year.
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