The amount of money that will enter the market if spot Bitcoin exchange-traded funds (ETFs) are approved may be overstated.
Fred Krueger weighs in on Bitcoin during the 2021 bull market 10 billion dollars Reminding that there is money flow, if spot ETFs are approved, up to 100 billion dollars He mentioned that money could flow.
Bitcoin supply bought and sold on exchanges to low Drawing attention, Krueger stated that the price of Bitcoin increased in this way. It can rise up to 10 times told.
Bloomberg analyst James Seyffart said: an exaggerated guess he thinks it is. Seyffart said:
“Gold ETFs have been around in the US since 2004, with approximately $95 billion in assets there. “This much money flowing into spot Bitcoin ETFs would be an EXTREMELY extreme achievement, even over a multi-year period.”
Some of the money to be transferred to spot exchange traded funds of special and international products currently available Thinking about his future, Seyffart commented on the difference between gold ETFs and Bitcoin ETFs as follows:
“The Gold ETF has democratized and financialized gold for advisors and ordinary people alike. Anyone who wants exposure to Bitcoin (including advisors) has already been doing so for years. he could do it from his phone.”