Galaxy Digital’s Novogratz eyes potential in Bitcoin ETF
Galaxy Digital’s CEO, Mike Novogratz, emphasizes the transformative potential of a spot bitcoin ETF in rejuvenating institutional interest. Despite the hurdles faced by the crypto industry in 2022, mainly underscored by the collapse of FTX, Galaxy Digital remains optimistic about the future of Bitcoin and the broader crypto space. CEO Mike Novogratz highlighted during the company’s recent Q2 earnings call that a spot Bitcoin ETF might become the beacon of hope that revives institutional interest in the sector. Lately, there has been widespread speculation about the government’s position on Bitcoin(BTC). Yet, the possible green light for a Bitcoin ETF might be perceived as an implicit nod of approval, bolstering confidence and involvement in the industry. Such a fund would streamline the process for various institutional players, from pension funds to asset managers, to invest in this volatile yet promising domain. Galaxy Digital CEO Mike Novogratz calls Coinbas...