Institutional Spot Bitcoin ETF Adoption Accelerates, Says ETF Store CEO
CryptoNewsTerminal Staff15 Aug, 2024
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.