$Five months after the Bitcoin spot ETF was approved, financial investors remain skeptical about the largest digital asset. In contrast to this status quo, Lynn Martin, President of the New York Stock Exchange (NYSE), praised the ETF's resounding success in an interview on Friday.
“I think you can't argue with the success of the Bitcoin ETF and the liquidity it brings to the underlying markets.”
Earlier on Wednesday, Martin revealed her stance on digital assets, saying she fully embraced cryptocurrencies and that the NYSE would consider trading them if the cryptocurrency market had clearer regulations.
Meanwhile, American financial advisors still have a skeptical view of investing in Bitcoin ETF. Despite the enthusiasm surrounding the Bitcoin ETF, including its recent achievement of reaching 1 million BTC in assets under management (AUM), these experts remain cautious about the number one cryptocurrency.
Most advisors stated that they “do not initiate conversations or answer client questions about ETFs” due to two major concerns: volatility and regulatory uncertainty .
Before the launch of the Bitcoin ETF, these advisors had previously cited Bitcoin's high volatility as a reason for their skepticism.
However, many of these advisors believe that steady ETF inflows in the coming years will reduce Bitcoin's volatility, making it more acceptable.
