Circle’s Allaire Optimistic about Approval of Bitcoin ETFs

The post Circle’s Allaire Optimistic about Approval of Bitcoin ETFs appeared first on Coinpedia Fintech News

Circle CEO Jeremy Allaire anticipates regulatory approval for Bitcoin exchange-traded funds (ETFs) as concerns are addressed. He acknowledges the presence of well-established spot markets, regulated custody infrastructure, and robust market surveillance, which increases the likelihood of approval for public investors. Additionally, Circle is witnessing a growing demand for digital dollars in emerging markets and closely monitoring Singapore and Hong Kong’s initiatives to become leading hubs for digital asset markets and stablecoins. ProShares’ Bitcoin Strategy ETF experienced significant weekly inflows, indicating sustained interest in the asset class.