.dunleavy89 calculates how much BlackRock and others need to spend on spot BTC to launch BitcoinETF
As asset management giants resubmitted their documents to the U.S. SEC, more and more analysts are treating the upcoming approval of the Bitcoin Spot ETF as a major bullish catalyst. Analyst Tom Dunleavy explains one more reason for Bitcoin bulls to be optimistic.The Bitcoin Spot ETF cannot be launched without a massive liquidity injection.
Eight applicants, including BlackRock, VanEck, Bitwise, Fidelity and so on, might be about to spend between $200 million and $400 million should their filings be approved.For the BTC ETF I bet the seed capital across these 8 we see $200M-$400M in spot buying upon approval with of course much more as the products are launched. The current assumption is all would be approved at…
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