CBOE digital chief says Bitcoin ETF will attract pension funds, RIAs
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John Palmer, president of crypto clearing firm CBOE Digital, expects institutional investment to flood into Bitcoin once the SEC approves the first-ever spot ETF.
on Bloomberg TV interviewPalmer emphasized that such approval would open the door for pension funds and registered investment adviser (RIA)-based funds to participate in Bitcoin assets through spot ETFs, a move currently restricted by standard Bitcoin tokens.
The development comes as the value of Bitcoin tops $45,000 for the first time in nearly two years and just ahead of the U.S. Securities and Exchange Commission’s Jan. 10 deadline to decide to approve a Bitcoin spot ETF. Notably, major financial entities such as BlackRock and Fidelity have recently revised their filings in response to this deadline.
Palmer also spoke about the expansion of Bitcoin derivatives, predicting that institutional investors will increasingly use these derivatives for risk management, especially with the possible launch of spot ETFs. Strategically, Palmer’s CBOE Digital is preparing to launch margined futures for Bitcoin and Ethereum on January 11, offering customers the flexibility to trade futures without posting full collateral up front.
