The founder of Morgan Creek Digital and head of Pomp Investments shared his opinion on the possible launch of spot cryptocurrency exchange-traded funds for Bitcoin and Ethereum in the United States.

Anthony Pompliano, speaking on Fox Business’ The Claman Countdown, considers BlackRock’s bid to launch an ether spot ETF to be mainstream. According to the entrepreneur, filing such applications with the US Securities and Exchange Commission (SEC) brings large financial institutions to the market. If the US regulator approves spot exchange-traded funds for Bitcoin and Ethereum, this will increase the flow of capital into the cryptocurrency market, which, in turn, will cause a bullish trend.

The crypto enthusiast refrained from speculating about which company would be the first to receive regulatory approval. The founder of Morgan Creek Digital is confident that all applications considered by the SEC must be approved by the regulator at the same time to avoid favoritism. Then the most successful ETFs can evolve naturally in the market.

Pompliano believes that the entire cryptocurrency market, including Ethereum, is undervalued. Ultimately, the market could reach tens of trillions of dollars, and Bitcoin will still remain the dominant asset. Speaking about the volatility of digital assets, Pompliano called price movements “a huge profit driver.” The number of Bitcoins in circulation has remained virtually unchanged over the past year, proving investors’ willingness to hold the coin.

If spot Bitcoin ETFs are approved in the United States, the monetary policy of the US Federal Reserve System (FRS) will soften, and this will create the preconditions for the growth of the crypto market, the businessman hopes. Another factor in the bullish rally could be the upcoming Bitcoin halving, which will lead to a rally similar to what happened in 2021.

Pompliano recently called Bitcoin a unique asset, superior to other cryptocurrencies and even central banks, which can print money and issue unlimited bonds.