Spot Bitcoin ETF Approvals: A Potential Boost for NFTs, say Web3 Insiders

Bill Qian from Cypher Capital suggests that the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could indirectly benefit the nonfungible token (NFT) ecosystem.

According to Qian, the growing acceptance of Bitcoin in mainstream finance could spark investor interest and curiosity in NFTs, positioning them as alternative assets.

Oscar Franklin Tan, CFO of Atlas Development, sees the ETF approvals as crucial validation for Bitcoin and anticipates a positive impact on NFTs, particularly those on the Ethereum blockchain.

Sergey Sheleg of Nicegram believes the integration of traditional financial structures with crypto is a positive signal for the NFT market, fostering confidence and institutional involvement.

Dirk Lueth, co-founder of Upland, predicts that ETF approvals will reduce perceived risk, complexity, and increase comfort in the NFT space, potentially leading to market growth and regulatory clarity in the U.S.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content