The resignation of Binance CEO Changpeng Zhao has prompted crypto experts to suggest that traditional financial giants, such as BlackRock, Fidelity, and Invesco, could dominate the Bitcoin and Ether ETF market.
With the U.S. Securities and Exchange Commission (SEC) potentially approving a spot Bitcoin ETF, experts anticipate a new phase of growth and acceptance for cryptocurrencies.
While some view Zhao’s departure as the end of an era and a positive step toward sustainable cryptocurrency adoption, others express concerns about Binance’s innovation and long-term decline in the absence of Zhao as CEO. The recent $4-billion settlement between Binance and the U.S. Department of Justice is seen as a significant catalyst for the crypto sector.
Source: BENZINGA Crypto
