QCP Capital, a Singapore-based hedge fund, doesn’t believe that spot Bitcoin ETFs will hit the market until 2024, due to the continued regulatory uncertainty surrounding the asset class. In an interview with AlternativeAssets, the firm’s senior portfolio manager, Eugene Mah, stated that there have been numerous attempts to launch a Bitcoin ETF, but that none have been successful so far due to the lack of regulatory clarity. Mah said that this uncertainty is likely to persist for some years, as cryptocurrency is still a nascent asset class. He noted, however, that with the increasing adoption of crypto in institutional portfolios, regulatory clarity is likely to come sooner rather than later.
