Bitcoin Could Surge With SEC’s Spot ETF Approvals; Matrixport Urges ‘Upside Exposure’

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Crypto-services provider Matrixport on Thursday said that the U.S. Securities and Exchange Commission (SEC) might greenlight multiple spot bitcoin exchange-traded funds (ETFs) in the near future. This move could potentially boost the value of the leading cryptocurrency, Coindesk reported. Markus Thielen, the head of research at Matrixport, said that these ETF providers are likely to invest heavily in marketing to attract both retail and institutional investors. Also Read: FTX Bankruptcy Battle Turns Ugly As Management And Creditors Clash The report highlighted that the Grayscale Bitcoin Trust …

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