LIVEWhy spot Bitcoin ETF matters❓
Bitcoin is often compared to gold as a store of value, and this comparison has now gained traction in mainstream media.
It's quite likely that we are on the verge of the launch of a spot Bitcoin ETF (exchange-traded fund). To better understand the hype around this, all you have to do is to take a look at the gold chart.
The first commodity ETF, the SPDR Gold Trust, triggered an eight-year rally from 2005 to 2012 without a single downturn.
🧑🏻🏫 Through ETFs, investors get direct and simple access to an asset without the need for associated costs, such as transportation (for gold) or the need to learn a basics of a new technology (for Bitcoin).
This is precisely why the market is anticipating the launch. An ETF will open up access to capital that was previously hesitant to enter the crypto space. Keep in mind - the stock market's volume is 250 times larger than the entire crypto market.
💁🏻 The impact of these inflows on the price? I believe you've already grasped the concept.