Crypto investors of all sorts are patiently waiting on spot bitcoin ETF approval from the Securities and Exchange Commission, with the price of bitcoin (BTC-USD) soaring in anticipation of the potential sign off. Dinara Co-Founder & CEO Laurence Latimer joins Yahoo Finance to discuss what would happen both immediately, and down the line, if the ETF is approved and how other cryptocurrencies can benefit from it.
Latimer believes ""it would be a massive event for the industry"" and that it would be a ""great support for the institutionalization of digital assets and the mainstreaming of digital assets, widespread adoption."" However, he also believes that ""much of the price movement has largely been priced in"" and that there is some ""frothiness"" in bitcoin prices.
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