These prospective bitcoin ETF issues have a significant amount of assets under management (we estimate around $16 trillion), so they could have a huge impact on crypto. If only a small percentage of that amount gets invested into bitcoin, the effect would most likely be very significant because, currently, bitcoin exchange-traded products only amount to $38.8 billion of assets, based on our calculations (including Grayscale's trust).
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December 06, 2023 at 11:45PM
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Why Are Pros Craving a Spot Bitcoin ETF? - CoinDesk
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