CBOE Digital president John Palmer is confident that a new wave of institutional investment will follow spot Bitcoin ETF approvals
Spot Bitcoin (BTC) exchange-traded funds (ETFs) will attract a whole new wave of institutional investors, says America’s largest options exchange, the Chicago Board Options Exchange (CBOE).
In a Jan. 2 interview on Bloomberg TV, CBOE Digital president John Palmer said that an approval will open the door to a new wave of institutional and, eventually, retail interest in Bitcoin derivatives.
“Approval is going to pave the way for pension funds and RIA-based funds to be able to invest in assets in a spot Bitcoin ETF,” he said, adding that many funds are currently unable to gain direct exposure to Bitcoin.
