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Anthony Pompliano Calls for Simultaneous Release of All Bitcoin ETF Applications
- Influencer Anthony Pompliano has urged the SEC to approve all spot Bitcoin ETFs simultaneously to encourage a free market among applicants.
- He also believes that asset managers like BlackRock and Grayscale will spend millions promoting their ETFs to capture a potential USD $15+ billion market.
- Pomp sees average investors favouring the convenience and accessibility of ETFs over holding private keys.
Crypto millionaire and industry figurehead Anthony Pompliano (better known as “Pomp”) has suggested that the SEC should approve all spot Bitcoin ETFs at the same time. Speaking on The Claman Countdown today, Pomp was asked which ETF he believes will be the first to be approved – with Cathie Wood’s Ark Invest, Grayscale and BlackRock all mentioned. However, instead of giving a solid answer, Pompliano thinks that the regulatory body should simply release all spot ETFs at once.
If we want to have a free market in this country, we shouldn’t have regulators picking winners and losers. Just approve everyone and let them go fight it out
Anthony Pompliano Pompliano Believes Marketing Push for Spot ETFs Will Be Priority
Not much has been made of the battle between TradFi institutions to become the number-one spot ETF providers for Bitcoin investors. Most of the community has been focussed internally on how the news will affect BTC’s price and adoption across the world. However, Pompliano raised a very interesting point in his interview, suggesting that the asset managers will likely spend millions on marketing over the next 12 months.
It is estimated there is between 15 and 100 billion dollars worth of assets going into these ETFs in the coming years, which means the fee revenue, every year, could be 500 million to a billion dollars. We’re probably going to see hundreds of millions of dollars spent on marketing…by these Wall Street organisations. It’s going to be the greatest marketing blitz, ever.
Anthony Pompliano Bitcoin ETFs Will Open Market to Millions
Pompliano admitted that there will be many crypto investors who want to actually own Bitcoin – who want to hold their private keys and ensure they have full control over their assets. However, he believes that the average investor won’t care that buying a spot ETF only provides exposure to BTC, rather than actual ownership.
…for a lot of people, they’re not going to go and sign up for a Coinbase account, they’re not going to buy Bitcoin directly…so this ETF is right in their brokerage account.
Anthony Pompliano The host, Liz Claman, jokingly echoed Pompliano’s sentiments.
Well, it opens the market to millions of retail investors who don’t want to have to remember a 90-digit password.
Liz Claman 
Author
Ben Knight
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
