Bloomberg: Institutional Interest in Cryptocurrency is Low18.82

Cryptocurrency, Bitcoin (BTC), Wall Street–While excitement is beginning to bubble again over the possibility of a Bitcoin Exchange-Traded Fund, thereby providing the avenue for more large scale investing than what the current landscape affords, Bloomberg reports that the overall sentiment from institutional investors is disinterest.

Earlier in the day, EWN reported on comments by Gabor Gurbacs, Director of Digital Assets Strategy at VanEck, who claimed that approval of a Bitcoin ETF by the United States Securities and Exchange Commission would herald the entrance of a “billions” of dollars into the crypto marketplace. While Gurbacs position is no doubt colored by the proposition of his company likely becoming the first approved financial institution to offer a BTC ETF, his comments reflect the general sentiment of the cryptocurrency investing population: crypto is stagnating and waiting upon the injection of big player money to re-ignite both bullish sentiment and developer interest.

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