🚀 Crypto ETF – A Major Step But Not Enough?



Although Bitcoin ETF funds have been approved by the SEC at the beginning of 2024, experts believe that Wall Street has not fully embraced crypto strongly yet.



🔍 At the Digital Assets Forum at #london , financial experts including Anthony Scaramucci (SkyBridge), Sui Chung (CF Benchmarks), and Chris Tyrer (Bullish) discussed how large capital flows are changing the crypto ecosystem.



💬 Chris Tyrer shares:



“Every year we hear that financial institutions are stepping into crypto. But the truth is they are just getting started. Compared to the $3 trillion market value, the level of penetration is still very low.”



💡 In summary: Large institutions have participated but the level is still not enough to create a booming demand.



🏛️ Waiting for Clear Regulations Before Investing?



🔸 Anthony Scaramucci predicts that crypto regulation in the US will be finalized by November 2024. If not, at the latest by March 2026.


🔸 Sui Chung observes a significant change in Bitcoin's price volatility. Previously, $BTC fluctuated all day long, but now volatility is concentrated around 9-10 AM EST – right when Wall Street opens. This indicates an increasing influence from financial institutions.



📉 However, Scaramucci also warns that Bitcoiners need to be patient because regulatory changes cannot happen overnight.



“Looking back over the past 5 years, crypto has developed tremendously. In the next 5 years, the growth rate will be even faster.”



⏳ What is Traditional Finance Interested in in Crypto?



According to experts, financial institutions are not only interested in Bitcoin but are also attracted to how crypto operates:



✅ 24/7 trading


✅ Instant payments


✅ The ability to tokenize assets



📌 Chris Tyrer shares:



“What crypto considers obvious is something that traditional finance is eager to learn and integrate into their systems.”



🚨 But can banks safely participate in crypto?


According to Tyrer, technology is not the problem; people are the biggest risk. Past collapse events were not due to blockchain faults, but due to poor management and fraud.



📊 Three Reasons Why Scaramucci is Optimistic About Crypto



1️⃣ Influential figures on Wall Street are supporting Bitcoin.


• Scaramucci mentions figures like Bessent, Atkins, Lutnick, who have very positive views on #crypto .



2️⃣ Political pressure forces lawmakers to change.


• Democratic senators are being threatened by crypto, especially the case of Sherrod Brown – a veteran politician who has been defeated by crypto-related lobbying groups.



3️⃣ Strong growth of the crypto industry.


• People like Brian Armstrong (CEO of Coinbase) will not stop.


• Even if Barron Coin or Eric Coin appears (implying Trump might create his own coin), it cannot hinder the process of finalizing the legal framework for crypto.



📌 Conclusion: Is the Crypto ETF Not Enough to Create a Boom?



✅ Bitcoin ETF has been approved, but has not created a strong wave of investment from financial institutions.


✅ Large funds are still waiting for a clearer legal framework before investing heavily.


✅ Nevertheless, the future of crypto is still very bright, especially as traditional finance begins to take an interest in the operational model of this industry.



🔥 When do you think financial institutions will truly invest heavily in crypto? Leave your opinion! 🚀$#anhbacong