GBTC - Kevin O'Leary Expresses Doubts About Bitcoin ETFs Despite Recent Success: 'They Add No Value To Me' | Benzinga
Despite the recent success of Bitcoin ETFs, “Shark Tank” star and entrepreneur Kevin O’Leary has revealed his skepticism towards investing in them.
What Happened: O’Leary has expressed concern over the fees charged by Bitcoin (CRYPTO: BTC) ETF issuers. These additional costs provide no value to him as a long-term Bitcoin holder, he told Fox News, as reported by Business Insider.
O’Leary also shared his doubts about the survival of all 11 Bitcoin ETFs that have been recently approved by the U.S. Securities and Exchange Commission (SEC).
He anticipates that only a select few, such as those backed by industry behemoths like Fidelity and BlackRock Inc. (NYSE:BLK), will ...