If there’s one investment “Shark Tank” star Kevin O’Leary is out on, it’s bitcoin ETFs.
Spot bitcoin ETFs secure multiple bitcoins in a digital vault, the purpose of which is to mirror the current price of bitcoins in the market.
The SEC approved 11 different spot bitcoin ETFs for trading in the U.S. on January 10.
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The O’Leary Ventures chairman spoke with Fox Business about his issues with the fees associated with purchasing the cryptocurrency from different issuers.
“If you’re a purist and you’re just holding bitcoin for the long term as a digital gold as I am, I would never buy an ETF,” he said in a video interview with the outlet last Thursday. “Why would I pay these fees? It’s completely unnecessary, and they add no value to me.”
O’Leary said that he only…
