Bitcoin will be the only digital asset that trades on American stock exchanges via exchange-traded funds (ETFs), according to the prominent founder of software company MicroStrategy. In its quarterly earnings call for 2024, MicroStrategy founder and Executive Chairman Michael Saylor said that “it’s pretty clear that Bitcoin is the only crypto asset that’s going to be approved for sale in the form of a spot ETF in the United States.”The Securities and Exchange Commission (SEC) Now, a number of high-profile asset managers are But industry analysts are Saylor said in the earnings call yesterday that Bitcoin is the “one crypto asset that a publicly traded company can hold on its balance sheet, can capitalize upon.” “It’s the one crypto asset that Wall Street firms are going to be able to sell on a spot ETF basis,” the MicroStrategy executive chairman said. “The entire modern institutional asset economy, the options market, the securities market, the money manager system, the institutional mutual funds, the institutional ETFs—they’re all going to be centered around Bitcoin as the digital property going forward,” he added. MicroStrategy, which sells data-analyzing software, On Monday, the Tyson, Virginia-based company Edited by Andrew Hayward
