"Shark Tank" investor and O'Shares ETFs Chairman Kevin O'Leary says all of the sovereign wealth funds and institutions are ready to buy Bitcoin (CRYPTO: BTC), but there's nothing to get excited about until the market has more regulatory clarity.
What To Know: Monday at the Benzinga Fintech Deal Day & Awards, O'Leary said we need more regulatory clarity before we start really getting excited about a Bitcoin ETF.
"There's not going to be any Bitcoin ETF until there is an exchange that is compliant with the SEC," O'Leary said.
Coinbase Global Inc (NASDAQ: COIN) is the leading candidate for compliance, but right now they're stuck in litigation, he said.
A potential Bitcoin ETF needs a transparent and compliant exchange to confirm the spot market pricing daily, the "Shark Tank" shark said. We aren't going to see a spot Bitcoin ETF until ...