“2024 literally is going to be a year of institutional adoption, primarily first through the Bitcoin ETF."

Bitcoin ETFs have been a major talking point this week and Galaxy Digital founder Mike Novogratz is another prominent voice in the industry who believes their inevitable approval in the U.S. will drive institutional capital inflows.

Speaking during Galaxy's Q3 earnings call, on Nov. 9 Novogratz highlighted the firm’s belief that approving several Bitcoin ETFs “is now not a matter of if but when.”

I delved into the main takeaways of Galaxy Digital's earnings call for Cointelegraph to wrap things up this week.