Trad Wall Street firms pushing for Ether ETF approval, says former Binance Labs head
Wall Street firms want Ether ETFs more than crypto natives, due to the ETF management fees, Bill Qian told Cointelegraph in an exclusive.
Wall Street firms and large financial institutions have the biggest interest in pushing for the approval of spot Ether (ETH) exchange-traded funds (ETFs), not crypto natives, according to Bill Qian, chairman of Cypher Capital and former global head of fundraising at Binance Labs.
“Now it’s not crypto natives pushing the approval of ETFs, but Wall Street firms trying their best to make it happen,” Qian told Cointelegraph in an interview.
Companies vying for a spot Ether ETF include BlackRock, Grayscale, Fidelity, ARK 21Shares, Invesco Galaxy, VanEck, Hashdex and Franklin Templeton.
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