Gio Vicioso, CME’s head of crypto, told Blockworks that his firm has “been prepared” for the bitcoin rally taking place on Tuesday.
Bitcoin briefly touched $35,000 on Monday before settling around $33,000. The rally is fueled largely by the hope for a spot bitcoin ETF approval — something that the market may not get until early next year.
“The investor community in general is really abuzz with anticipation for the approval of a spot bitcoin ETF,” Vicioso said.
It’s not just retailers either. Vicioso told Blockworks that a very diversified mix of participants are coming into the space, and “those participants include both crypto natives as well as crypto focused…
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