Dan Hoover, Castle Analytics Chief Compliance Officer, identified three cons of spot ETFs.
Hoover spotted a lack of transparency, unclear governance, and market concentration as the potential cons of spot ETFs.
Crypto ETFs make it easier to build potentially market-moving positions off-chain without transparency, according to Hoover.
Dan Hoover, Chief Compliance Officer of Castle Analytics, has identified a lack of transparency, unclear governance, and market concentration as the potential disadvantages of spot ETFs. Hoover elaborated on these issues in an exclusive chat with Coin Edition amid the growing enthusiasm among crypto users on the likelihood of spot ETF approvals.
As the crypto industry prepares for the likely approval of spot Bitcoin and Ethereum ETFs, most crypto users seem excited about the potential expansion and industry gains that may follow. However, Hoover noted potential setbacks that could hurt the crypto ecosystem if not addressed. He explained the implications of such setbacks, noting examples where necessary.
According to Hoover, crypto ETFs make it easier to build poten…
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