Bitcoin ETFs Spark Institutional Interest: ‘The Doors Have Been Blown Off,’ Superstate CEO Says
The launch of Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) draws a new wave of institutional interest in digital assets, according to industry leaders who discussed the trend during the recent Benzinga Future of Digital Assets event.
The overall sentiment shared among the panelists was that funds offer a simplified way to invest in cryptocurrency, removing the complexities that previously deterred traditional players.
Bitcoin ETFs offer financial institutions a way to enter the digital asset market without needing specialized infrastructure. Robert Leshner, CEO of Superstate, explained, “We’re starting to see hedge funds buying Bitcoin through ETFs, where before, they had a difficult time setting up crypto native infrastructure, digital asset custodians, trading software, accounting, record keeping, etcetera.”
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