Binance (CRYPTO: BNB) CEO Changpeng Zhao's resignation on the heels of a U.S. Justice Department investigation, the field is clear for large institutions to take over the Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH) ETFs market, observers say.
What Happened: Investor Mike Alfred suggests that Zhao's exit from Binance paves the way for traditional financial giants like BlackRock (NYSE: BLK), Fidelity, and Invesco to dominate the space — especially if the U.S. Securities and Exchange Commission approves spot Bitcoin ETF.
Other crypto professionals provided their take.
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