NYDIG, one of the leading Bitcoin (BTC) companies, has suggested that spot Bitcoin (BTC) ETFs (exchange-traded funds) will bring in additional demand of $ 30 billion.
Bitcoin ETF stream is the world’s largest asset manager BlackRock’s with his application last month. revived again. Cryptocurrency and traditional finance many actors from the industry, this movement achieve success in case of Bitcoin price effects began to examine.
In a recent research report by NYDIG, US Securities and Exchange Commission (SEC) given by a spot Bitcoin ETF approval on bitcoin price to the possible effects mentioned.
The company currently manages global Bitcoin funds in total. 28.8 billion dollar assets and that these assets big some of them already from spot Bitcoin stated to have occurred. However, a spot ETF approval will bring your additional requestit has to the advantages stated to be based.
NYDIG In addition, spot Bitcoin ETFs are added to the market. 30 billion He said that they expect him to bring a demand of $. NYDIG’s estimate “digital gold” Bitcoin, which they call gold investment products based on comparison.
Over $210 billion has been invested in gold funds, while only $28.8 billion has been invested in Bitcoin funds. Considering that Bitcoin is 3.6 times more volatile compared to gold, investors will need 3.6 times less Bitcoin investment to have similar risks. This translates into approximately $30 billion in demand for Bitcoin ETFs.
In addition, based on the current price, there are approximately 25 billion Bitcoin total market value of one dollar of capital 250 billion dollar and price $12,875 was also among the points mentioned in the report.
On the other hand, the spot Bitcoin ETF’s capital towards Bitcoin positive There were also other actors who claimed that they would contribute in this sense. Crypto research platform econometrics, Spot Bitcoin ETF approval to market most probably some amount new capital He said he would pull it. However, Econometrics has estimated the Bitcoin price of this capital as expected. 100 thousand dollars you can’t carry underlined.
Like research platform NYDIG, likening Bitcoin to gold 100 thousand to reach the dollar target. weakening of the dollar, The US Federal Reserve’s (FED) expansion And your assets More likely to invest in Bitcoin to the younger generation TRUE start of transmission stated that it should.
Coinecko according to data 30 days in 13.4% appreciated bitcoinend 24 hours in 1.1% as of writing by experiencing the rise $30,360 traded at the level.