We have already talked about how important the adoption of Bitcoin ETF is for the crypto market. Now let’s look at what other changes could happen to crypto once the ETF is adopted.
▶️ Institutional crypto trading in a traditional format.
As you know, Bitcoin ETF will allow investors to invest in Bitcoin without a crypto wallet or special technical knowledge. This will bridge the gap between cryptocurrencies and TradFi.
▶️ Influx of new funds into Bitcoin and other crypto assets.
Undoubtedly, investors will become interested in BTC and start investing in it. Mass adoption of crypto in this case is not far off.
▶️ Skew towards centralization.
One of the unobvious consequences of the adoption of Bitcoin ETF may be a decrease in the decentralization of this asset. The fact is that BlackRock asset managers will reach the point of owning a large ETF and will be able to invest so much in BTC that they will almost become a monopoly. This could become a real threat to the decentralization of Bitcoin.
However, the adoption of Bitcoin ETF is likely to have a positive impact on the crypto market and allow it to reach the level of mass adoption.
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