Last week the SEC spot Bitcoin ETFWhile the approval of ‘s continues to be a hot topic in the market, BitMEX former CEO Arthur HayesETF comment came from .
Hayes, who wrote an article evaluating Spot Bitocin ETFs and their impact on the market, argued that ETFs could open a number of trading avenues centered on arbitrage, options and financing.
ETFs BTC Pointing out that it creates fluctuations in the price, the famous name said that this situation may open new trading opportunities for investors and allow investors to make profits.
“Bitcoin is a global market and price discovery occurs mainly through Binance.
For the first time in a long time, I think Bitcoin markets will have a predictable and long-term arbitrage opportunity.
At this point we expect billions of dollars in flows to concentrate on exchanges that are less liquid and have larger Eastern rivals within the hour. “I expect interesting spot arbitrage opportunities to exist.”
Stating that he expects spot Bitcoin ETFs to emerge in major Asian markets serving the “south of China” such as Hong Kong, after the USA, Hayes stated that the ETF-based sector is ready to grow as Bitcoin trading becomes widespread in the coming years.
Finally, Arthur Hayes, who also announced the price forecast for Bitocin, repeated his opinion that he expects a decline in Bitcoin in the short term and expects a 30% correction in prices in the long term. BTCHe stated that he expected an increase in “the bull market is just getting started.” said.
“ETF Wif Hat” is an essay that explores the arbitrage trading opportunities that US and soon to be HK listed spot $BTC ETFs create.https://t.co/9TIfmBmuMz pic.twitter.com/rEUTQ15Q8n
— Arthur Hayes (@CryptoHayes) January 15, 2024
*This is not investment advice.
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