The previous president of the New York Stock Exchange (NYSE) states that a person driver will flood money into Bitcoin (BTC) and other crypto properties.
In a brand-new interview with CNBC Television, Tom Farley, the previous president of NYSE and existing president of the crypto exchange platform Bullish, states that Bitcoin exchange-traded funds (ETFs) will flood the king crypto and the digital properties market with money.
Farley keeps in mind that he’s not positive that a BTC ETF will be authorized this year.
“I think I’m a little bit less positive of the immediacy of an approval, to put it simply, like November and even December. The existing Chairman and the SEC (U.S. Securities and Exchange Commission) have actually stated they think that basically whatever in crypto, with the exception of Bitcoin, in some cases Ethereum, and perhaps stablecoins are securities.
And securities, a minimum of in the United States, require to trade on a nationally-recognized exchange and they do not today. And I believe these 2 concerns, at the minute, are interwoven. That does not suggest they can’t be decoupled, however I believe there’s a view that ‘Hey, if these do not trade on an exchange,
