⭐ Merited by bbc.reporter (1)
~snip~
However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest. I assume the take up on futures ETF in America has also only been modest? Can the data on bitcoin futures ETF be used as a precedent on how strong or weak spot ETFs might be?
However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest. I assume the take up on futures ETF in America has also only been modest? Can the data on bitcoin futures ETF be used as a precedent on how strong or weak spot ETFs might be?
It doesn't make much sense to compare futures and spot ETFs when it comes to Bitcoin, because they are completely different trading methods that naturally have a different impact on the BTC price. It's no secret that futures BTC ETFs have not caused too much excitement on the market, not only because of the way of trading, but also, as far as I know, because of the costs that clients pay for such a way of trading.
It is true that spot BTC ETFs in various countries are not very successful, so it is logical to ask whether one such in the US can be an exception? I personally think it can, because other countries do not have such giants as BlackRock, Fidelity or Grayscale, and here we are talking about more than $15 trillion under management, noting that there are at least a dozen smaller companies that are interested in the same thing.
HK may be an interesting story, but everything that happens there is several magnitudes smaller than in the US. However, I must admit that they have a good environment at their ATMs - for those who need professional help, of course
