Long awaited approval spot Bitcoin ETF The process is nearing its end.
At this point, while investors and the entire cryptocurrency industry are focused on January 10, 2024 Goldman Sachs Spot ETF comment came from the manager.
In recent history Speaking to Fox Business, Goldman Sachs’ head of digital assets, Mathew McDermott, said approval of spot Bitcoin ETFs would be positive for the industry.
Possible approval BTC And cryptocurrency Claiming that it will bring more institutional investors to the sector, McDermott stated that this will not happen immediately.
“Cryptocurrencies provide advantages in many ways. The first of these expands and deepens liquidity in the market.
So how does he do this? It achieves this by being assets that can be bought and sold by institutions that do not need to touch real assets.
This makes it easier for institutional investors to turn to cryptocurrencies.
However, I do not foresee an immediate transformation on the part of institutional investors with the approval of the spot Bitcoin ETF. “If approved, I think the corporate landscape will gradually change over the next year.”
The Goldman Sachs executive also stated that he expects tokenization markets to develop and grow in the coming year, reminding that Goldman Sachs launched the tokenization platform called GS DAP earlier this year.
*This is not investment advice.
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