Circle CEO predicts approval of applications to launch spot bitcoin ETFs in the US
According to Jeremy Allaire, the States have all the necessary infrastructure to support such products
27.06.2023 - 11:30
632
1 min
0
Circle’s co-founder and CEO, Jeremy Allaire, expects the new wave of Bitcoin exchange-traded funds (ETFs) to be approved as “past concerns” of regulators are being addressed.
“I believe progress is being made with more mature market structures that would support something like that. You have mature spot markets, well-regulated custody infrastructure, and good market surveillance,” he said during an interview with Bloomberg at the World Economic Forum. “Many of the past concerns are being addressed, suggesting that these kinds of products are more likely to be approved for general investor access.”
The U.S. Securities and Exchange Commission (SEC) has received multiple spot bitcoin ETF applications from blue-chip asset managers such as BlackRock (BLK) and Invesco (IVZ).
Many believe that the creation of a market surveillance mechanism is the secret to getting these spot ETFs approved, much as regulators in Ontario wanted to see a mature custody ecosystem in place before approving the first bitcoin ETFs to trade in Toronto.
ProShares’ Bitcoin Strategy ETF (BITO), a bitcoin futures fund, recorded the highest weekly inflow in over a year, with investors pouring in $65 million, CoinDesk recently reported, demonstrating that the asset class still has considerable interest from investors.
During the interview with Bloomberg, Allaire also said that Circle is seeing demand for digital dollars in emerging markets.
This material is taken from the website https://www.coindesk.com.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 440
BTC
+0.38%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.09
XRP
-1.39%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.078615
DOGE
-0.43%
-
Zcash
$411.75
ZEC
-2%
-
Stellar XLM
$0.190623
XLM
-0.25%
-
Cardano
$0.147146
ADA
-3.43%
-
Polkadot
$3.32
DOT
+5.27%