Wintermute Lianchuang: Approval of spot Bitcoin ETF is inevitable, but it still requires a lot of preparation time before listing

Odaily Planet Daily News Wintermute co-creator Evgeny Gaevoy said at the "Institutionalization of Digital Assets" theme roundtable session at the Singapore TOKEN2049 conference: “To some extent, the passage of spot Bitcoin ETFs is inevitable and will happen sooner or later. I think what people may have misjudged is the timing, because even if the SEC finally approves all these products, it will still take some time for these products to come to fruition.” It goes public, it gets approved, and then it takes some time for managers to allocate it. So it will be at least six months before we start to see money flowing into these products, but more realistically it could be one to two years. But like I said, it's inevitable in the end, so I guess it's bound to happen. From that perspective, it's hard to say how much the price will be affected, but I think once we see real inflows, that's when we get back on track with substantial growth. "