The imminent impact of Bitcoin spot ETFs is currently grabbing everyone's attention. A dozen American financial behemoths, collectively representing trillions of dollars, eagerly await SEC approval for their Bitcoin spot ETFs. This approval seems inevitable since BlackRock entered the scene.
It's easier to anticipate that their application submission meant a certainty of approval, given BlackRock's track record with 576 requests to the SEC resulting in 575 agreements. The proliferation of advertisements during the bull run confirms the readiness of American financial magnates to sell.
Of course, the risk of centralization remains, and the coming years will need to address this concern. Additionally, entering a halving year, making Bitcoin scarcer than gold according to the stock-to-flow indicator, two major reasons anticipate substantial movements and changes. Firstly, a massive influx of capital into Bitcoin is expected through these financial giants.
Those interested in exposure to Bitcoin without directly owning the cryptocurrency will find these ETFs an ideal investment vehicle. According to the president of 21Shares, we're talking about a potential X10 or even X100 in terms of liquidity, accentuating Bitcoin's scarcity with a halving of the block reward the same year.
Everyone can form their opinion, but the arrival of ETFs marks another sign of growing adoption, with evolving narratives. The close ties between BlackRock and the U.S. government underscore that if the United States were genuinely opposed to cryptos and Bitcoin, BlackRock wouldn't take such initiatives.
These elements foreshadow promising developments, not only for the price but especially for general adoption. The entry of these major institutions from traditional finance will contribute to democratizing crypto for the general public. Time is favoring these changes, but time will also tell if our forecasts are accurate. Be ready 🚀
