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The co-founders statement comes after industry backlash on the firm's latest Bitcoin report, which prominent analysts say is based on pure speculation.
Both firms are seeking spot Bitcoin ETFs that could be approved this month.
According to the executive, the ETF hype is more than a mere trend and will create a regulated path for trillions of dollars to come into the industry that has so far been "locked out of the asset class."
Rejections claims for Bitcoin ETF triggers market panic and heavy losses for long BTC traders.
Inflows into Bitcoin-related products surged by around 400% last year.
Matrixport stated that the SEC might reject ETF applications because of the SEC's compliance demands.
Bitcoin advocate Michael Saylor to sell $216 million of MicroStrategy stock for crypto expansion
Amid extensive engagement and amendments, potential spot Bitcoin ETF approvals loom as SEC reviews final applications.
Cramer has completely changed his stance on Bitcoin and is now recommending investors to gain exposure to the flagship digital asset.
