Crypto faithful welcome SEC approval of ETF products

This regulatory approval provides a more comfortable regulatory black backdrop for the digital assets sector in the U.S., according to Peter Habermacher, CEO and co-Founder of Aaro Capital. The London firm was founded by Habermacher in 2018 to invest in the burgeoning cryptocurrency space. Additionally, Aaro invests in distributed-ledge technology companies and blockchain ventures.

“We believe the significance of this decision lies beyond just the liquidity that this may inject into the crypto markets due to fresh money coming in,” Habermacher said. “This would create an easy and low operational risk access point for, in particular, U.S. RIA managed money, who are the gate keepers for around $5 trillion in assets, as well as similar wholesale investors in the US and around the world,” he said in written commentary immediately following the SEC announcement.

Read the full article at: https://www.alternativeswatch.com/2024/01/11/crypto-faithful-welcome-sec-approval-of-etf-products/