Reggie Browne raises the possibility of Bitcoin spot ETFs trading at a premium due to U.S. institutions managing cryptocurrencies under current regulatory frameworks.
Browne anticipates that in-kind creations and redemptions will eventually become a reality for Bitcoin ETFs, despite being a point of contention in negotiations with the SEC.
Reggie Browne, the co-Global Head of ETF Trading and Sales at GTS, highlighted a potential scenario where Bitcoin spot Exchange-Traded Funds (ETFs) might trade at a premium once trading commences. This phenomenon is due to the current regulatory framework allowing U.S. institutions to manage cryptocurrencies.
Speaking on Bloomberg Television, Browne addressed the unique dynamics that could come into play when Bitcoin spot ETFs enter the market. Speaking on the development on Monday, January 8, Browne said:
“I think there is going to be a premium above NAV because U.S. broker-dealers can’t trade bitcoin [against]cash inside their broker-dealer –

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