Wall Street firms want Ether ETFs more than crypto natives, due to the ETF management fees, Bill Qian told Cointelegraph in an exclusive.
) exchange-traded funds , not crypto natives, according to Bill Qian, chairman of Cypher Capital and former global head of fundraising at Binance Labs.
“In the end, the key lobbyists would be the institutional asset management companies. It is in their best interest to launch the ETF and to get the ETF approved, because they are in a game of the AUM , and to increase their AUM, they need to get approval for the ETFs.”
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