Watch: ‘Bitcoin ETF boom won’t mimic previous retail investor-led rallies’ | The Crypto Mile
Bitcoin has rallied after the US Securities and Exchange Commission (SEC) approved multiple spot bitcoin exchange traded funds (ETFs). However, a leading VC founder has said that retail investor involvement will be more controlled than in previous cycles, as regulatory oversight and enforcement has increased.
Last Wednesday, the SEC approved ETF applications from some of the biggest names on Wall Street, from BlackRock (BLK) to Franklin Templeton (BEN). Investors hope spot bitcoin ETFs will open the gateway for mainstream capital to flood the crypto market.
Retail participation will be different in this cycle
According to Outlier Ventures Founder Jamie Burke, current bitcoin (BTC-USD) investing conditions are different compared to the bull market of 2021, that saw an influx of retail investors driving the digital asset’s price to an all-time high of over $68,000.
Read more: Crypto live prices
After the SEC’s approval of multiple ETFs “retail investing is going to be different this time”, Burke…
