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News Explorer — Spot Bitcoin ETFs Could Boost Broader Crypto Adoption: Galaxy CEO

Generated by AI, curated by humans

Jul 12, 6:11 pm

The Block

Spot Bitcoin ETFs Could Boost Broader Crypto Adoption: Galaxy CEO

Galaxy CEO Mike Novogratz believes that the recent flood of proposals for spot bitcoin ETFs, if approved, will indicate wider adoption of cryptocurrencies. He points to BlackRock and Invesco's involvement as a signal of this adoption. Novogratz also mentions that the world is still in the early stages of accepting bitcoin as a macro asset.

Galaxy CEO Mike Novogratz believes that the recent flood of proposals for spot bitcoin ETFs, if approved, will indicate wider adoption of cryptocurrencies. He points to BlackRock and Invesco's involvement as a signal of this adoption. Novogratz also mentions that the world is still in the early stages of accepting bitcoin as a macro asset.

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