💼 Andrew Kang, co-founder of Mechanism Capital, suggests that the BTC spot ETF's consensus on its positive long-term impact may underestimate the potential for fund inflow through the ETF. Comparing it to the gold ETF, which has $120 billion in operating assets and an average commission rate of 0.6%, the estimated net present value (NPV) could range from $10 billion to $20 billion. Kang emphasizes that BTC spot ETF issuers will aggressively compete for these substantial fees, highlighting the significance of marketing costs this year over future investments. 💹🚀 #BTCEtfImpact 📊💰