24/7 Cryptocurrency News

Tether CEO Predicts Fund Manager Rush to Bitcoin Post-ETF Approval

Tether CEO predicts BTC's rise in traditional finance, driven by the U.S. SEC's approval of Bitcoin ETFs and growing institutional interest.
Tether CEO Predicts Fund Manager Rush to Bitcoin Post-ETF Approval

Highlights

  • Spot Bitcoin ETFs' US approval ignites $42B AUM surge, hinting at mainstream finance embrace.
  • Corporate giants like Tesla pivot to Bitcoin, spotlighting crypto's rise in traditional balance sheets.
  • Ardoino predicts fund managers to allocate 5% to Bitcoin, marking a seismic shift in investment strategies.

Recently, during a panel, Paolo Ardoino, the Chief Executive Officer of Tether, shared his ideas about what role Bitcoin would play in traditional finance. Ardoino’s predictions are based on the U.S. SEC’s approval of the first spot Bitcoin exchange-traded funds (ETFs). This decision has pushed this cryptocurrency, making it more acceptable among seasoned investors.

Advertisement

Increased Interest from Institutional Investors

Ardoino expects that fund managers will be the next group to realize the potential of Bitcoin by incorporating it into their investment portfolios. These expectations of private investors are founded on the approval of spot Bitcoin ETFs in the US. These ETFs not only extended the accessibility of Bitcoin in traditional investment markets but also gave it legitimacy through the stamp of authority. 

In the context of Ardoino, fund managers could allocate around five percent of their assets toward Bitcoin. This shift indicates a broader trend of digital assets becoming integral to diversified investment strategies.

Advertisement

Bitcoin on Corporate Balance Sheets

Placing Bitcoin in the corporate world on balance sheets is a realistic step many companies have done, as the Tether CEO noted. The spot Bitcoin ETFs have come to the market against a backdrop when only a handful of companies, such as Tesla, Inc., and MicroStrategy Inc., had publicly declared their Bitcoin positions

Ardoino hopes that the introduction of spot bitcoin ETFs will create a tendency for more companies to follow suit, especially during political instability, but use Bitcoin to protect their assets against the volatility of the traditional financial markets.

Advertisement

Surge in Bitcoin ETF Assets

Following the green light given to the first spot Bitcoin ETFs, the assets under management of these funds have expanded markedly, now reaching around $42 billion. These numerous bitcoin EFTs are a reason behind the capital flow to the cryptocurrency, which consequently saw a price rally, breaking an all-time high of $56,000 since November 2021. This move in the price is a clear indicator that the heavy institutional investment has a considerable effect on Bitcoin’s market dynamics.

Ardoini also discussed that regulation reshaping around cryptocurrency is changing. As the issue magnifies with other countries like El Salvador adopting BTC as their legal tender, he postulates that regulators and policymakers in the other jurisdictions must evolve to keep up with the fast-changing financial environment. 

The United States is witnessing bills introduced that will give slots to implement regulatory frameworks for cryptocurrency, including stablecoins. In addition, SEC Chair Gary Gensler’s categorization of Bitcoin as a commodity has put it in a different class than other crypto-currencies commonly treated as securities.

Read Also: Sony Announces Job Cuts for Gaming Division; Is Web3 to Blame?

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025