Anthony Pompliano, co-founder of Morgan Creek Digital, today urged Bitcoin spot ETF issuers to pay attention to the Bitcoin community and suggested that they donate 1% of the ETF fee revenue to Bitcoin developers in order to gain significant support.
In recent times, there have been increasing signs that the U.S. Securities and Exchange Commission (SEC) is likely to approve a Bitcoin spot ETF before January 10th next year. Nine issuers, including asset management giants BlackRock and Fidelity, have also submitted revised S-1 application forms to the SEC before the deadline on the 29th, hoping to be approved in the first round.
The competition for Bitcoin spot ETFs among more than a dozen Wall Street institutions is gradually intensifying. Anthony Pompliano, co-founder of Morgan Creek Digital and a well-known cryptocurrency investor with a high social media presence and nearly 1.65 million followers on Twitter, suggested in a tweet today that Bitcoin spot ETF issuers donate 1% of the ETF fee revenue to Bitcoin developers in order to capture the attention of Bitcoin holders and win the competition. He stated:
Pompliano also added that the above suggestion would only gain favor from the Bitcoin community. However, in order to attract investment from non-Bitcoin community members, he plans to hold physical events in as many cities as possible within the first six months to promote the advantages of Bitcoin.
He also pointed out that he found many people saying that “Bitcoin holders are not the target audience for ETFs” and emphasized that this view is incorrect.
It is worth mentioning that Pompliano co-founded the hedge fund Morgan Creek Digital in 2018 with Mark Yusko, founder and CEO of Morgan Creek Capital, focusing on blockchain technology and digital assets. The fund is supported by Morgan Creek Capital.
Mark Yusko is also very optimistic about the future development of Bitcoin. In an interview in July of this year, he stated that the power of the Bitcoin halving cycle should not be underestimated. He estimated that Bitcoin could rise to $100,000 after April 2024, and during the halving cycle in 2028, he believes it could reach $300,000, and even surpass $1 million in the future. He has also expressed confidence in the SEC eventually approving a Bitcoin spot ETF.
Mark Yusko, Founder and CEO of Morgan Creek Capital. Source: CHRISTOPHER GOODNEY/BLOOMBERG
