Matt Kunke is a research analyst for GSR, where he conducts research to demonstrate thought leadership externally as well as support firm products and services.
, there has long been one glaring hole, the holy grail of access if you will: a U.S. spot bitcoin ETF.
A U.S. spot bitcoin ETF is a massive opportunity because of the sheer size of the U.S. capital markets. In fact, SIFMA estimates that the U.S. accounts for a full 40% of total global fixed income assets and equity market cap. Moreover, ETFs in the U.S. represent a greater percentage of total assets than in other jurisdictions, coming in at 7% of equity and fixed income assets versus 4% in Europe and 2% in Asia-Pacific.
Put simply, a U.S. spot bitcoin ETF gives bitcoin legitimacy, eliminating regulatory uncertainty , giving credence to crypto as an asset class, and ensuring strong oversight and investor protections, all in a convenient and familiar vehicle. Add in a potential offering from the likes of BlackRock, with its sterling reputation among advisors and distribution to nearly every major wealth platform, and it becomes easy to see why investment managers and advisors may suddenly take the leap.
To boot , bitcoin will likely see a larger impact on price for each net new investment dollar it accrues than did gold, as bitcoin’s market cap is just 27% that of gold in 2004. A spot ETF transformed the gold market, and it just may do the same for bitcoin.To be sure, there is still significant uncertainty around ultimate approval, not to mention the AUM that spot ETF products may garner, and the resulting impact on price.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Spot ETF News Could Give Crypto Market Wings: Chainlink, Bitcoin Spark and Ripple To FlyCrypto Blog
Read more »
Spot Bitcoin ETF hype reignited zest for blockchain games: Yat SiuAnimoca Brands founder and CEO Yat Siu says that the market enthusiasm for a spot Bitcoin ETF has translated directly into increased activity and investor confidence in the blockchain gaming sector.
Read more »
China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF newsChina will need to launch a spot Bitcoin ETF once the U.S. SEC approves one, BitMEX co-founder Arthur Hayes believes.
Read more »
Azteco’s Bitcoin Voucher Giveaway: How Blockchain Jungle Attendees Will All Receive BitcoinCrypto Blog
Read more »
Phoenix finishes clearing massive downtown homeless encampment after finding shelter for more than 500The hundreds of tents that once lined blocks of streets in the area are now gone, with just a few people milling about or pushing shopping carts filled with their belongings.
Read more »
Gallery 119 reopens as The Zone is cleared out after years of massive homeless encampmentArt and business are back in the area called The Zone in downtown Phoenix. The encampment was filled with hundreds, and at a point more than a thousand, of homeless people for several years.
Read more »