Tether Founder Predicts More Crypto ETFs to Hit Markets as 'Wall Street's Greed' Fuels Demand

IconCryptoNewsTerminal Staff17 Jun, 2024

cryptonews.jpg

Tether Founder Predicts More Crypto ETFs to Hit Markets as 'Wall Street's Greed' Fuels Demand

Tether (USDT) co-founder William Quigley believes that the launch of the first U.S. bitcoin and ether futures ETFs is just the beginning of a wave of crypto ETFs to come. In an interview with Decrypt, Quigley said, "Don’t think that just because we got a U.S. bitcoin and ether futures ETF that the crypto ETF momentum is over. Wall Street’s greed is going to kick in and you’re going to see all kinds of different crypto ETFs come to market before this bear market is over." Quigley's prediction is based on the belief that Wall Street firms will see the potential for profit in crypto ETFs and will be eager to launch their own products. He also believes that the regulatory environment for crypto ETFs is becoming more favorable, with the SEC recently approving several bitcoin and ether futures ETFs. The launch of more crypto ETFs would be a major boost for the cryptocurrency market, as it would provide investors with an easy and regulated way to gain exposure to crypto assets. It would also help to legitimize cryptocurrencies and make them more accessible to mainstream investors.

Related News