According to the report shared by Coinbase, the approval of spot Bitcoin exchange-traded funds (ETFs) in the USA may bring more investors into the cryptocurrency industry.
Spot Bitcoin ETFs if approved, according to Coinbase report different types of investors can also step into the cryptocurrency markets.
As an example of these licensed investment advisors, pension funds And Institutions that have had difficulty entering the cryptocurrency market throughout history was shown.
According to the analysis of Coinbase Institutional Research Manager David Duong, spot exchange-traded funds can contribute to the cryptocurrency market in several ways:
“There may be opportunities here beyond simply connecting the crypto market with new sources of money […] (ETFs) will remove barriers for major money managers and institutions to buy and hold Bitcoin, which liquidity and price discovery for everyone in the market “It will heal.”
Cryptocurrency market with exchange traded funds more legally regulated is expected to become a market and the total value of the market There could be billions of dollars of growth It is stated.
Emphasizing that geopolitical tension is gradually increasing, the Coinbase team pointed out the weakness of the banking sector in the USA and pointed out that Bitcoin “as an alternative to the traditional financial system” He added that it was an attractive option.Coi