Top Bloomberg’s ETF analyst James Seyffart has voiced his concern amid ongoing speculation regarding a massive capital inflow if a Spot Bitcoin Exchange-traded fund (ETF) is approved.
Bloomberg Analyst On Bitcoin Spot ETF Inflow
There is increasing optimism that the United States Securities and Exchange Commission (SEC) will soon allow spot Bitcoin exchange-traded funds (ETFs). Along with the anticipation, is the projection that if a Bitcoin ETF is approved, it might see an inflow of up to a whopping $100 billion.
Due to this, James Seyffart has publicly warned traders against holding these kinds of expectations. According to the analyst, he believes that the projection is an overestimation of demand. He then highlighted that it might take years to record a massive volume of this kind.
Seyffart asserted that it is “extreme” to predict such inflow into the market, particularly in light of the fact that Gold has been on the market for a while. He further pointed out that despite
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