The cryptocurrency sector is trading mixed on Wednesday, pending the US regulator (SEC) and whether or not to authorize the first spot Bitcoin ETF.

For the time being, Bitcoin is trading at around $45,000 and Ethereum is trading at $2,400.

Franco Macchiavelli, head of research at Admirals Spain, warns of the implications that the SEC's decision could have on the cryptocurrency market.

"Rarely has a move been so telegraphed before it happens. Now begins the war to attract the customer, and with it, the fees of the ETFs offered by different entities. However, it is worth remembering that the activation of the various ETFs by each of the participants is not expected to be sudden and sudden, but rather progressive and in batches," says Macchiavelli

"The financial giants are updating their S1 filings with the SEC at the last minute, which could lead to greater "fomo" (fear of missing out) for the individual investor," he adds.

BlackRock (NYSE:BLK) stands out, with fees of 0.20% for $5 billion under management, then 0.30%. Wisdomtree is fixed at 0.50%, Bitwise at 0.24%, while Grayscale 1.5% as a trust.

"This battle to win over the customer with the lure of commission can generate an initial 'fomo' and buying attraction from the start," says Macchiavelli.

Estimates from many banks point to significant increases of up to three digits by 2025 due to the increase in inflows that would take place upon final approval by the regulator.

"Meanwhile, capital inflows to digital assets continue to rise, with a particular focus on Bitcoin, with 112 million of the 151 million recorded in inflows in recent days," warns the analyst.

#BTC #etf #ARB #MS_CryptoX $BTC $ETH $BNB