FTX fiasco set back the approval of Bitcoin spot ETFs: Valkyrie investment chief

, Cointelegraph’s Elisha Owusu Akyaw speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin exchange-traded funds and the way forward.

The chief investment officer believes that the custody issue would have largely been dealt with if not for the FTX fiasco, which caused regulators to take a step back to scrutinize whether custodians are safe before approving more Bitcoin investment products. On the second issue of market manipulation, McClurg believes that similar products in Canada have made a case for why such concerns are invalid.

“We performed due diligence on Celsius, Voyager, BlockFi, and FTX, and we never onboarded with them. We decided that they were not safe platforms to be involved with.“

stevenmcclurg ghcryptoguy No, most old school crypto coins are just that and like blackcoin, there is no underlying company or individual(s) benefit from its sale other than the individual seller of the coin. The 'coin' itself is the only thing of value implied.

stevenmcclurg ghcryptoguy I wouldn’t say all of them are but majority yes.

Sounds like someone should have done some hash-checking BEFORE they hit send! Whoops

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ghcryptoguy stevenmcclurg Find the latest episode of Hashing It Out on your favorite podcast app: Spotify: Apple: Google:

Don't worry - there's still plenty of *mysterious* ways to get your Bitcoin fix ;)

ghcryptoguy ValkyrieFunds stevenmcclurg Find the latest episode of Hashing It Out on your favorite podcast app: Spotify: Apple: Google:

stevenmcclurg ValkyrieFunds ghcryptoguy As if everything else isnt being manipulated already?

You can also listen to Hashing It Out on your favorite platform: Spotify: Apple: Google:

stevenmcclurg ValkyrieFunds ghcryptoguy We aren't getting a spot Btc ETF while Gensler is alive and kicking

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