Institutional Spot Bitcoin ETF Adoption Accelerates, Says ETF Store CEO

IconCryptoNewsTerminal Staff15 Aug, 2024

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Institutional Spot Bitcoin ETF Adoption Accelerates, Says ETF Store CEO

Nate Geraci, CEO of ETF Store, an ETF provider based in the U.S., said in a recent interview with Coindesk that "Institutional adoption of spot Bitcoin ETFs is clearly taking place at a faster rate ... Due diligence processes for institutional investors can be rigorous and time-consuming, which is why the acceleration of spot bitcoin ETF adoption has been nothing short of remarkable." As previously reported by Cointelegraph, two-thirds of asset managers increased or maintained their BTC ETF holdings in Q2 of this year, according to 13F Filing data.