Arthur Hayes Says TradFi Could ‘Completely Destroy’ Bitcoin With Spot ETF – Here’s Why

BitMEX founder Arthur Hayes says the traditional finance (TradFi) world could gain dangerous levels of power over Bitcoin (BTC) if they manage to control spot BTC exchange-traded funds (ETFs). In a new essay, the crypto veteran says that if ETFs managed by TradFi asset managers are too successful, “they will completely destroy Bitcoin.” Hayes says The post Arthur Hayes Says TradFi Could ‘Completely Destroy’ Bitcoin With Spot ETF – Here’s Why appeared first on The Daily Hodl .