Gold bug Peter Schiff has expressed concerns about the potential approval of a spot Bitcoin ETF, warning that it could lead to a collapse in the BTC market. Schiff’s comments come as Matrixport, a financial services firm, suggests that the Securities and Exchange Commission (SEC) is unlikely to give the green light for a spot Bitcoin ETF before the second quarter of the year. Despite general optimism surrounding the approval of a Bitcoin ETF, Matrixport believes that it may still take some time for the SEC to make a decision.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinPotential Price Crash Likely if Bitcoin ETF is Approved, says Peter Schiff