- Raoul Pal speculated that BTC and ETH ETFs could still get approved before the end of this year.
- The co-founder stated that delays in ETF approvals stem from the fact that many ETFs are missing a key CME component.
- Pal also predicted that institutional investors may be very active in the next cryptocurrency market cycle.
Raoul Pal, the co-founder and CEO of Real Vision, predicted that Bitcoin (BTC) and Ethereum (ETH) Spot exchange-traded funds (ETFs) could be approved as early as Q4 this year. In an interview with Coin Bureau Clips, he also mentioned that the global economy is busy slowing down, and may continue to do so for the next 2 quarters.
Pal revealed that current Spot ETF applications getting rejected has nothing to do with Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), having a personal vendetta against the cryptocurrency market. Instead, he believes that almost all ETF applications are being delayed because they are missing a vital CME regulatory component.
Nevertheless, Pal did not rule out the possibility of cryptocurrency-related ETF applications getting approved towards the end of this year. He did, howeve…
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