Michael Saylor’s Bullish Turn on Spot ETH ETFs

The post Michael Saylor’s Bullish Turn on Spot ETH ETFs appeared first on Coinpedia Fintech News

In a 360-degree turnaround, Michael Saylor unexpectedly made a bullish statement regarding Spot ETH ETFs. Earlier, Saylor strongly criticized Ethereum and other cryptocurrencies, as he claimed those digital currencies were investment contracts and that assets like Ethereum would never be wrapped in spot Ethereum ETFs. But in a recent interview, Saylor completely reframes his narrative after the ETH ETF approval, stating the Ethereum ETF approval is a good thing for Bitcoin because it makes the entire asset class bigger. Thus, more money can flow into Bitcoin, validating it as the dominant asset in the industry.