Be in the crypto space for longer than a minute and you’d likely see some mention of an impending Bitcoin exchange-traded fund (ETF). ETFs, for the uninitiated, is a financial product that mimics the price of Bitcoin, allowing investors to buy into the ETF without trading bitcoin itself.
Investing in a Bitcoin ETF cuts out any issues of complex storage and security procedures required of cryptocurrency investors.
The US, one of the major crypto markets, has so far shunned any Bitcoin ETFs, save a Bitcoin futures ETF launched last month. Such regulation has caused many in the crypto industry to voice concerns against the repeated denial, with some stating a spot ETF would be beneficial to overall market health.
Gemini’s head of business development Stephanie Ramezan is the latter group. In today’s interview with Alex Fazel of crypto edutainment channel CryptoNites, Ramezan shared why a spot Bitcoin ETF was both critical and needed for the benefit of the overall crypto market, sharing insights of market microstructures and other advancements related to such approval.
The episode is available in its entirety below!
