Spot Bitcoin ETF Could Usher Additional $30 Billion in BTC funds
While the spot Bitcoin ETF exists in other parts of the world, the investment product has yet to hit the US market. As per NYDIG estimates, a total of $28.8 billion of combined AUM already exists in Bitcoin investment products across the world. Of these, $27.6 billion have been invested in spot products. advertisement NYDIG explains that the positive reasons for a spot ETF are that it would solve some issues with current investment options in Bitcoin. An ETF would have better protections for investors and function as a reliable choice because of the BlackRock and iShares brand. It would also be easier to buy and sell through brokers and report positions, measure risks, and do taxes. Compared to other options like private funds or trusts, a spot ETF would likely have better liquidity, less tracking error, and possibly lower costs. However, there’s no decision over the fees charged for trading spot Bitcoin ETFs. Bitcoin and Gold Analogy, $30 Billion Inflows L...