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NYSE president commends Bitcoin ETFs amid skeptical views from financial advisors

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Five months after the approval of Bitcoin ETFs, financial investors still show restraint in recommending the largest digital asset.

Lynn Martin, the New York Stock Exchange group president, says you can't argue with the success of Bitcoin ETFs. US financial advisors remain skeptical of Bitcoin ETFs amid market enthusiasm. An interview conducted by

suggests that advisors are not recommending Bitcoin ETF investments, citing clients' safety as a reason. However, Lynn Martin, President of the New York Stock Exchange , praised the ETFs' resounding success in an interview on Friday. Lynn Martin lauds Bitcoin ETFs Lynn Martin, the president of the New York Stock Exchange , commended Bitcoin ETFs' current successes in an interview with

on Friday. I think you can't argue with the success of Bitcoin ETFs and the liquidity it has brought to the underlying markets, Lynn said. Also read:Bitcoin Weekly Forecast: BTC likely to provide another buying opportunity Lynn had earlier revealed her views on digital assets on Wednesday, stating her openness to cryptocurrencies and the NYSE's consideration for trading them if only the crypto market had clearer regulations.

report, most advisors stated that they are neither initiating conversations nor fielding client inquiries about the ETFs. had surveyed a dozen members of an advisor council, including Baker. The results pointed out two major concerns of these individuals: volatility and regulatory uncertainties. Read more:Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves Before the launch of Bitcoin ETFs, these advisors had previously cited Bitcoin's high volatility as a reason for their skepticism.

 

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