Mark Yusko Discusses Approval Timeline for Bitcoin ETFs
In a recent interview, Mark Yusko, Founder, CEO, & CIO at Morgan Creek Capital Management, provided insights into the approval timeline for Bitcoin ETFs. According to Yusko, a decision could be reached by mid-January.
Yusko expressed confidence in the approval of BlackRock and speculated on the timing, suggesting either the January 15th date or a potential delay until March 15th. He emphasized the significance of these events before the halving and anticipated potential market fireworks.
The Prospect of an Ethereum Spot ETF
The conversation also touched on the possibility of an Ethereum spot ETF following the approval of a Bitcoin spot ETF. Yusko indicated that the approval might happen almost instantaneously but highlighted resistance from big banks due to concerns about market manipulation and naked short selling.
“They either have to deny them, or they are deemed effective. And as I said, I think there’s zero chance when you should never say zero, but I think there’s zero chance that BlackRock doesn’t get approved. And so, does it happen on the January 15th date, or do they wait till March 15th? But in both cases, it’s before the halving, and you put that event in front of the halving, ooh, fireworks, baby.”
Concerns about Regulatory Obstacles and Centralized Custody
Yusko expressed concerns about potential regulatory obstacles in the global decentralized future. He highlighted the need for vigilance and mentioned the shift towards decentralized systems and challenges from traditional financial institutions.
Furthermore, Yusko acknowledged the increasing trend of banks launching crypto custody services. He reminded viewers that custody in centralized systems is an abdication of control, urging users to remain vigilant in the evolving landscape of cryptocurrency.
Hot Take: Mark Yusko Anticipates Bitcoin ETF Approval and Market Impact
In a recent interview, Mark Yusko, Founder, CEO, & CIO at Morgan Creek Capital Management, discussed the approval timeline for Bitcoin ETFs. He expressed confidence in the approval of BlackRock and speculated on the potential timing. Yusko suggested that a decision could be reached by mid-January or potentially delayed until March 15th. Regardless of the exact date, he emphasized the significance of these events before the halving and anticipated market fireworks. Additionally, Yusko addressed the possibility of an Ethereum spot ETF following the approval of a Bitcoin spot ETF. He highlighted concerns from big banks regarding market manipulation and naked short selling. Finally, Yusko expressed concerns about potential regulatory obstacles and urged vigilance in the evolving landscape of cryptocurrency.
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