Circle’s Allaire Says Bitcoin ETFs Likely to be Approved: Bloomberg

Circle’s co-founder and CEO, Jeremy Allaire, expects the new wave of Bitcoin exchange-traded funds to be approved as “past concerns” of regulators are being addressed.

“I believe progress is being made with more mature market structures that would support something like that. You have mature spot markets, well-regulated custody infrastructure, and good market surveillance,”. “Many of the past concerns are being addressed, suggesting that these kinds of products are more likely to be approved for general investor access.”

The Securities and Exchange Commission has received multiple spot Bitcoin ETF applications from blue-chip asset managers such as BlackRock and

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