Anthony Scaramucci: Big Investors Are Ready to Pounce on Spot Bitcoin ETFs – Bits Media

The founder of SkyBridge Capital noted the interest of organizations in spot exchange-traded funds for Bitcoin and suggested, that this type of financial product will be launched this year.

Anthony Scaramucci (Anthony Scaramucci) stated on The Scoop podcast, that institutional investors are now at a low start awaiting the launch of the first spot bitcoin exchange-traded funds. The businessman added, that his company, unlike many large investors, saw the potential of cryptocurrencies back in 2020 year and started investing in bitcoins. Now many organizations are waiting for the emergence of spot Bitcoin ETFs, which, according to Scaramucci, will be launched this year.

The founder of SkyBridge believes, that the emergence of a new cryptocurrency instrument will have a significant impact on the digital asset market. According to him, Regulatory Clarity Could Mean 'Opening the Bitcoin Floodgates'.

“My friends have very large organizations, which, Unfortunately, at the moment I cannot name for confidentiality reasons, but who are ready to pounce on Bitcoin ETFs", - Scaramucci said.

The creator of SkyBridge Capital noted, what, according to April Nasdaq research, 72% financial advisors are more likely to invest client assets in cryptocurrency, if a spot ETF becomes available. Хотя американский регулятор отклонял и откладывал заявки на биткоин-ETF все последние годы, Scaramucci counts, что скоро все может измениться, «учитывая насыщенность и зрелость рынка».

To confirm the hypothesis, the businessman refers to the recent statement by the investment company Fidelity about facilitating access to bitcoins for clients. Scaramucci counts, that the influx $2.7 trillion from assets, controlled by Fidelity, could have a profound and lasting impact on the cryptocurrency market:

“Fidelity is going to do the same for Bitcoin, what it did for the US stock market, when 401k programs came out in the 1980s. Partial share ownership, released during the Great Depression, practiced until the 1980s, and Fidelity took advantage of this and placed them - successfully for itself and its clients. They're going to do this with Bitcoin too.".

Recently, the U.S. Securities and Exchange Commission (SEC), despite progress in registering Bitcoin futures ETFs, rejected One River Asset Management's bid for
launch of a spot exchange-traded fund.