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Just one month after their launch, spot bitcoin ETFs are significantly impacting the market for institutional investors and asset allocators.

Some highlights so far

  • Spot bitcoin ETFs make a significant market impact just one month after launch.
  • Bitcoin's market cap exceeds $1 trillion, a first since November 2021.
  • Spot bitcoin ETFs set a record for highest volumes and flows at this lifecycle stage compared to any ETF asset launch, as reported by Bloomberg.
  • Ranked as the second-largest commodity ETF, behind gold and ahead of silver, with $43.9 billion in volume ($18.6 billion excluding GBTC, which saw outflows).
  • Net inflows excluding GBTC stand at $11.5 billion, or over $5 billion including GBTC.

MOST IMPORTANT - NO GREEN LIGHT YET FOR FINANCIAL ADVISORS

  • Large brokerage firms and financial advisors STILL await clearance, restricted by due diligence mandates before embracing bitcoin. 
  • As a result, WE WILL NOT SEE REAL FLOWS in bitcoin ETF investments for another 3-6 months 
  • Soon the due diligence teams recognize bitcoin's potential to improve risk-adjusted returns in diversified portfolios.

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Comments

Anonymous

Can hardly contain myself ! 🤩

Anonymous

Global liquidity should also be rising soon and that has always been a help