From Investing.com:

The SEC’s approval of the first spot Bitcoin exchange-traded funds marked a watershed moment for the cryptocurrency, according to Anthony Scaramucci, the founder and CEO of SkyBridge Capital. He shared his strategy to purchase a U.S. Bitcoin ETF now that it has been approved. The SEC’s rule changes enable the launch of Bitcoin ETFs in the U.S, prompting bullish expectations for 2024 from Scaramucci.

Scaramucci also revealed that his New York-based hedge fund, Skybridge Capital, saw its best year ever in 2023 after “incrementally buying” Bitcoin. He expressed optimism that Bitcoin might reach its all-time high by the end of the year and will likely surpass it by this time next year. Bitcoin was trading up 7% at $48,118 at press time, with analysts anticipating massive gains following the SEC’s decision.

Meanwhile, as Ark Invest and partner 21Shares launched their first Bitcoin exchange-traded fund (ETF), President and COO Tom Staudt believes Bitcoin is now a “public good” accessible to all investors. The new ETF will have a 0.21% fee, making it one of the most affordable products in the newly created market. This is among the six initially waived fees for Bitcoin ETFs, with only Bitwise’s offering being less expensive for investors.



Read more: Anthony Scaramucci Shares Strategy for Bitcoin ETF By U.Today