Riyad Carey from Kaiko remarks on the challenges of a Bitcoin spot ETF, stating the absence of a well-regulated spot market and the SEC's previous refusal. Emphasizing the significance of market size, he notes that for ETF price manipulation, both the ETF market and underlying spot market must be manipulated. Highlighting BlackRock's choice of Coinbase, seen as more compliant with U.S. regulators compared to Binance and USDT (Tether), Carey suggests this alignment is a crucial factor in the ETF approval process. 📉🇺🇸 #BitcoinETFAnalysis #RegulatoryChallenges

The successful launch of multiple Bitcoin spot ETFs in the United States has motivated China’s financial giant Harvest Global to apply with Hong Kong’s regulators to roll out a similar product.

#BitcoinETFAnalysis #Crypto

💡 Cryptocurrency analyst Alex Krüger explains that the operating cost of a Bitcoin spot ETF is around $200,000 per year, and with a management fee of 0.25%, the fund's break-even point is approximately $80 million in assets under management (AUM). He anticipates that most BTC spot ETFs will reach this point in the second year, but in the long run, only two to three are likely to survive, with IBIT (BlackRock) and GBTC (Grayscale) being the biggest beneficiaries. 📊🏛️ #BitcoinETFAnalysis 🚀💰