President of Binance's French subsidiary: US spot bitcoin ETF is the first instrument to enable institutions to easily invest in bitcoin
2024-05-30 10:34:34
On May 30th, David Prinçay, president of Binance's French subsidiary, said that spot bitcoin ETFs in the United States are the first tools to enable institutions to easily invest in bitcoin. Thanks to the launch of spot bitcoin ETFs, bitcoin is increasingly seen as a financial asset for retirement, even by mainstream investors. Previously, only early adopters thought bitcoin would be a vehicle for their retirement. Now, everyone is considering putting 1%, 2%, or possibly 5% of their 401 (k) pension plan in bitcoin. "Some large Financial Institution Groups, such as Fidelity, allow investors to invest directly in bitcoin ETFs through their 401 (k) retirement plans.
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