“In the US, regulatory concern is the top reason advisers haven't invested in crypto assets. We believe a Bitcoin ETF approval would alleviate these concerns."
He added: "The SEC has regulated the crypto industry with enforcement rather than offering regulatory clarity thus far but the industry is likely to get significantly increased clarity over the coming years from Biden's crypto executive order and from SEC rule proposal expansions. All of which will cause the growth of crypto fund assets.”
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carmen.reichman@ft.com
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