Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz

Galaxy Digital founder Mike Novogratz has instructed traders that 2024 might be headlined by institutional adoption of cryptocurrencies, which might be pushed by the pending approval of (BTC) spot exchange-traded funds (ETFs).

Throughout Galaxy Digital’s third-quarter earnings name on Nov. 9, Novogratz highlighted the agency’s perception that approving a number of ETFs “is no longer a matter of if however when.” The fund supervisor filed its spot Bitcoin and Ether (ETH) ETF purposes with the USA Securities and Change Fee in partnership with Invesco in Q3 2023.

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