Goldman Sachs’ head of digital assets, Mathew McDermott, recently underscored the potential impact of approving spot bitcoin and ether exchange-traded funds (ETFs) on the cryptocurrency market. McDermott said this move could significantly bolster institutional interest in digital currencies. 
He asserts that such approval would enhance and diversify market liquidity. This liquidity boost, he explains, stems from the creation of institutional-grade products that allow major financial players, like pension funds and insurance companies, to invest in cryptocurrencies without the complexities of handling the assets directly#BTC $BTC
