Circle CEO Expects Bitcoin ETFs to be Approved as Regulators Address Past Concerns

06/27 06:40

June 27 (Huobi) - Jeremy Allaire, CEO of Circle, believes that the new wave of Bitcoin exchange-traded funds (ETFs) will be approved as regulators address past concerns. He cites the presence of mature spot markets, well-regulated custody infrastructure, and good market surveillance as evidence of progress. The Securities and Exchange Commission (SEC) has received multiple spot Bitcoin ETF applications from asset managers such as BlackRock and Invesco. Allaire also notes that Circle is seeing demand for digital dollars in emerging markets, particularly in Singapore and Hong Kong.

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