Binance CEO: Spot Ethereum ETF will provide stable and significant capital inflows
2024-07-19 08:29:21
Binance chief executive richard teng stressed spot to efang etfdesk3cryptocurrencydesktopCrypto News
Richard Teng, chief executive of Binance, emphasised that spot Ethereum ETFs could provide stable and sizeable capital inflows over time. "While we expect capital investment in these ETFs to be stable, it may not be too dramatic at first and will fluctuate according to various macroeconomic factors," Mr. Teng said. However, Mr. Teng believes liquidity in these ETFs is likely to grow exponentially.
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