Bitcoin ETFs: Circles Allaires Bold Optimism Shakes the Media!

By Lola Coin Jun 27, 202379Views

Circle CEO Jeremy Allaire is optimistic about regulatory approval for Bitcoin exchange-traded funds (ETFs). He believes that addressing concerns, such as well-established spot markets, regulated custody infrastructure, and robust market surveillance, will increase the likelihood of approval for public investors. Allaire also notes the growing demand for digital dollars in emerging markets and is closely monitoring Singapore and Hong Kong’s initiatives to become leading hubs for digital asset markets and stablecoins. The significant weekly inflows experienced by ProShares’ Bitcoin Strategy ETF indicate sustained interest in the asset class. However, despite these positive developments, the content leaves the reader perplexed as to the specific concerns being addressed and the potential timeline for regulatory approval. Additionally, the mention of burstiness is not clearly explained in the given content.

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