In a research report, NYDIG’s Global Head of Research, Greg Cipolaro, delved into the highly anticipated spot Bitcoin ETF and its potential impact on the BTC price. Cipolaro examines the opportunity it presents, its implications for the investment community, and the potential demand it could unleash. The analysis also sheds light on the existing landscape of BTC funds, the comparisons to gold, and the potential scenarios that could unfold if a spot Bitcoin ETF were to materialize.
Before examining the potential impact of a spot ETF, it is crucial to grasp the current state of Bitcoin investments. While the US has not yet witnessed a spot ETF, existing structures, including trusts like the Grayscale Bitcoin Trust (GBTC), futures-based ETFs, spot-based ETFs outside the US, and private funds, have amassed a staggering $28.8 billion in assets under management (AUM).
Notably, $27.6 billion of this AUM is invested in spot products. Cipolaro emphasizes that despite this substantial investme

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