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NEW YORK – Bobby Zagotta, CEO of Bitstamp US, expressed optimism about the future of cryptocurrencies, especially with the potential approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) in 2024. Speaking Today on CNBC, Zagotta highlighted the growing interest of institutions in the crypto market, despite a difficult 2023 marked by regulatory uncertainties.
Major financial institutions like BlackRock, VanEck and ARK Invest are preparing for increased participation in the cryptocurrency space. These companies have filed applications for Bitcoin ETFs with the SEC and decisions on them are expected in January 2024. The approval of Bitcoin ETFs is expected to open the market to new categories of investors and could mirror the successes recorded on traditional markets.
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