Tom Farley, a former president of the New York Stock Exchange, said in a recent statement that Bitcoin will witness a huge inflow of capital after the approval of a Spot Exchange-Traded fund (ETF) by the United States Securities and Exchange Commission (SEC). 

BTC is up more than 10% this month in anticipation of the approval of an ETF. Price of bitcoin has increased about %140 in the last year alone.

Tom Farley: Money will ‘Flood’ into Bitcoin

In an interview with CNBC, Farley, who is now the chief executive officer (CEO) of digital asset trading platform Bullish, noted that despite being one of the most volatile assets, Bitcoin is a legitimate “store of…

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