What's Stopping Bitcoin ETFs? BitGo's CEO Reveals The Challenges
Portfolio Pulse from Murtuza Merchant
BitGo CEO Mike Belshe expressed a cautious outlook for Bitcoin ETF approvals, anticipating further rejections due to regulatory concerns. He cited the FTX collapse as a factor causing institutional hesitation and emphasized the need for a clear separation between exchange and custodian roles to meet regulatory standards.
November 16, 2023 | 10:09 pm
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NEGATIVE IMPACT
Coinbase, mentioned as an entity operating as both an exchange and custodian, may face challenges due to the regulatory concerns highlighted by BitGo's CEO.
The mention of Coinbase in the context of regulatory risks suggests potential negative sentiment in the short term, as the market may react to the possibility of stricter regulations affecting Coinbase's operations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70