NEW: Former NYSE President Tom Farley Predicts Major Capital Influx into Crypto with Bitcoin ETF Approval

Former New York Stock Exchange (NYSE) President Tom Farley expressed optimism about the approval of a Bitcoin ETF, which could lead to significant capital influx into the crypto industry. In a recent CNBC interview, Farley highlighted Bitcoin’s recognition as a non-security by regulators, potentially expediting the ETF’s approval. He acknowledged Bitcoin’s volatile nature but emphasized its value as an enduring store of value. However, Farley also noted some skepticism about the ETF’s immediate approval, citing the SEC’s cautious stance on cryptocurrencies. Despite this, the overall sentiment remains positive for Bitcoin’s future in the financial market.

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