A number of business consultants interviewed by CoinDesk mentioned that regardless of BlackRock’s bid to launch a spot bitcoin ETF, do not count on the product to flood anytime quickly.
Hedge fund supervisor James Koutoulas mentioned that whereas the crypto neighborhood’s optimism is warranted, it is unclear whether or not it is endorsed.
“The ETF is not going to be authorised till the Coinbase lawsuit is resolved or put to relaxation as a result of regulators need ETFs with sturdy credibility,” he mentioned.
The overwhelming majority of consultants surveyed predicted that whereas it can take time, and probably longer than the crypto neighborhood imagines, BlackRock may take the highest spot within the ETF race.
“If anybody might be authorised, it could be BlackRock as a result of BlackRock has solely had one software out of about 500 completely denied, and the US authorities does a lot enterprise with BlackRock,” Koutoulas mentioned. “.
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