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- Institutions aren't putting money into bitcoin, despite talk of rising interest, Kevin O'Leary said.
- A bitcoin spot ETF won't happen as the main crypto exchanges are under SEC scrutiny, he told CoinDesk.
- Without compliant and transparent exchanges in the US, bitcoin won't rise in value, he added.
Despite optimism that top institutions on Wall Street are going to step into bitcoin investing, that's not actually happening, "Shark Tank" star Kevin O'Leary said.
In recent months, asset managers such as BlackRock and Fidelity have filed to form the first bitcoin spot ETFs. But according to O'Leary, this won't happen as long as crypto remains under federal scrutiny.