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Will Bitcoin ETFs Be The Missing Piece To Going Mainstream? Pantera CEO Thinks So

Pantera Capital CEO Dan Moorehead is challenging the traditional Wall Street adage of “Buy the rumor, sell the news,” and suggests a different outcome for spot Bitcoin (CRYPTO: BTC) Exchange Traded Funds (ETFs). What Happened: The conventional wisdom in financial markets, “Buy the rumor, sell the news,” implies that investors often purchase assets based on speculation and sell them once the actual event occurs, Moorehead says. The introduction of a spot Bitcoin ETF, unlike previous events, will fundamentally change access to Bitcoin and have a positive impact on its adoption. Previous events l…