Investor Kevin O'Leary won't buy spot Bitcoin ETFs due to fees
Investor Kevin O'Leary of the television show "Shark Tank" said he would never buy the newly approved spot Bitcoin ETFs because he already owns Bitcoins and doesn't want to pay additional fees.
However, he acknowledged that the introduction of spot Bitcoin ETFs is a step forward for the entire crypto industry, which he hopes will energize Congress to consider digital payment systems such as USDC, which are based on the US dollar.
Although the US Securities and Exchange Commission has approved 11 Bitcoin ETFs, the expert is not sure that all of them will survive in the long term.
And it’s hard to disagree with his words, since at the end of the first day both companies were leaders in terms of trading volume.
