It might be a big week in cryptoassets as we await the possible approval of the ETFs. Here’s what our CEO, Marc Taverner, wants to share with you on this topic:
“There is a buzz of optimism among investors following the recent surge in Bitcoin's market, driven by anticipated ETF approvals this week. However, concerns arise about compromising Bitcoin's decentralisation as most ETFs rely on centralised custody. Figures like Peter Schiff caution against potential catastrophic impacts, and Matrixport predicts SEC approval delays. It is critical to carefully weigh ETF benefits against risks; at XEROF, we emphasise the importance of preserving Bitcoin's decentralisation. With the potential approval of spot Bitcoin ETFs on the horizon, investors should consider not only the financial implications but also the long-term impact on their investment. Ultimately, the SEC holds the decision, and the market will witness outcomes in due course.”
As we wait to see what happens, our team curated a selection of resources on the state of the digital asset market. Hope you enjoy these!
If there’s something you want us to cover, let us know. And if you have any questions or want to speak with us, get in touch with our team!
Marc and the rest of the team at XEROF
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF