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テーマ:米国ETF(52)
カテゴリ:ビットコイン
Some were predicting that the ETF release would be a “buy the rumor, sell the news” event, and this seems to be true at first glance. After the ETF release, Bitcoin briefly touched highs above $48,000, before falling back to around $42,000. That being said, Bitcoin’s price has been increasing for the past several months in anticipation of these ETFs, so that small pump does not come close to telling the full story of the ETFs impact.
Now that we can access institutional exposure and various ETFs, there are two paths to consider. First, since this is the first time that the holders of the Grayscale GBTC product can sell their Bitcoin at a proper valuation since it was previously trading at a 10+% discount before being converted to an ETF, they may be quick to take billions in profits and cause a small-scale selloff. Another possibility is that we see a vigorous institutional adoption of Bitcoin on the balance sheets through these ETFs, leading to an increased excitement about digital assets leading directly into the Bitcoin halving, another momentous occasion causing the Bitcoin inflation rate to cut in half. This is expected to occur sometime in April or early May and has been a catalyst for great price action the previous times it has happened every four years. With the Bitcoin ETF approved, many are beginning to speculate about what the next cryptocurrency ETF will be. The current most likely pick is Ethereum, as there are several Ethereum ETF applications pending approval with dates ranging from May to BlackRock’s in August. BlackRock’s is particularly important, as they have only ever been denied for one ETF application after submitting over 500. The Ethereum ETF is still far from guaranteed, though, as the SEC has never explicitly stated that Ethereum is a commodity instead of a security — a requirement for the ETFs to be approved in their current form. Other cryptocurrencies are likely at least a year or more away from spot ETFs, if not longer. Already two weeks into 2024 and the most important event in the cryptocurrency industry may have already happened for the year. The gradual yet steady increase in Bitcoin’s adoption and legitimization, led by established financial institutions and the easy onboarding of new capital, will bring Bitcoin and the blockchain industry closer to its goal of democratizing finance, even if that means by going back to the traditional stock market for the time being. By Lincoln Murr Follow Bitpush News on Twitter! Bitcoin Cryptocurrency Crypto Investing Finance ============================== ============================== ============================== お気に入りの記事を「いいね!」で応援しよう
Last updated
2024.05.12 12:43:46
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