CoinShares Head of Research James Butterfill explained the factor that could bring billions of dollars of new money inflow to Bitcoin in the coming months.
James Butterfill recently told The Block:New money flow may come for Bitcoin place explained. Spot Bitcoin exchange-traded funds (ETFs) have not yet registered investment advisors (RIAs) Stating that it has not been offered, Butterfill emphasized that this may happen in the coming months.
In the event of spot Bitcoin ETFs being introduced to such a new source a serious explosion in demand While stating that this could happen, he noted that this situation would naturally have a positive impact on the price.
Considering that the RIA market represents approximately $50 trillion in assets, potential inflows could be significant. For example, if 10 percent of RIAs chose to invest 1 percent of their portfolios, this could result in additional inflows of approximately $50 billion.
In a recent blog post, Butterfill discussed the demand for spot Bitcoin ETFs and Bitcoin’s supply He was focused. Daily average since spot Bitcoin ETF launch, data shows Demand for 4500 Bitcoins occurred but in a day The amount of Bitcoin mined is 921 It didn’t pass.
He added that the supply of newly minted Bitcoin cannot keep up with demand and ETF issuers must source Bitcoin mainly from the secondary market. In this situation Bitcoin price can skyrocket he stated.