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

Published 03/16/2023, 08:05 AM
Updated 03/16/2023, 09:40 AM
© Reuters.

In episode 11 of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin (BTC) exchange-traded funds (ETFs) and the way forward.

Regulators in the United States have mounted stiff opposition against listing Bitcoin spot ETFs even though Canadian and European regulators have given the green light. McClurg points out that even for the Canadian and European markets, these approvals also took a long time. According to McClurg, the two biggest issues U.S. regulators have with Bitcoin spot ETFs are custody and market manipulation.

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