Matrixport Research Director: The US SEC may approve multiple spot bitcoin ETFs in a row

2023/08/10 13:40

On August 10th, Markus Thielen, the head of research at Matrixport, stated that the US Securities and Exchange Commission (SEC) is likely to rapidly approve multiple spot Bitcoin ETFs. These ETF providers will spend a large amount of marketing expenses to attract retail and institutional capital. Spot Bitcoin ETFs may charge a management fee of 0.7-1% and still bring in $200 million in revenue annually for ETF providers who have prepaid marketing expenses. The approval of spot ETFs by the SEC could have a significant positive impact on the price of Bitcoin.

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