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CEO Strike Mallers Denies Concerns That Bitcoin ETF Inflows $59B Owned by Wall Street Threaten Asset
CEO Strike, Jack Mallers, said on the What Bitcoin Did podcast that institutional participation in Bitcoin does not threaten the long-term viability of the asset or its fundamental principles.
“If Wall Street’s entry into Bitcoin kills it, then Bitcoin was never going to succeed from the start,” Mallers stated.
He believes that Bitcoin is designed as an open monetary system accessible to everyone, including institutions.
Since the launch of the US spot Bitcoin ETF in January 2024, 11 collectively approved funds have attracted over $59 billion in net inflows, according to Farside data.