The introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States has marked a pivotal moment for the cryptocurrency market, triggering a significant surge in demand and bringing about fundamental shifts in market dynamics.
In a recent interview with Cointelegraph, industry experts discussed the profound impact of this milestone and the outlook for future ETF approvals in the United States.
“It’s not just about the U.S. market,” emphasized Ophelia Snyder, co-founder of 21Shares. “Removing this major regulatory uncertainty regarding Bitcoin alters the risk-return profile of the asset,” she added.
Following their approval, spot Bitcoin (BTC) ETFs quickly became one of the most successful launches in ETF history, attracting billions in capital inflows, demonstrating strong institutional investor interest in Bitcoin.
“We could easily see over $15 billion by year-end,” predicted Eric Balchunas, senior ETF analyst at Bloomberg.
While a spot Ether (ETH) ETF is expected to launch soon, analysts believe it may not replicate the success of its predecessor. Nevertheless, such a product is likely to enhance Ether’s appeal among institutional investors.
“It’s an opportunity to delve deeper into the Ethereum ecosystem,” argued Michael Wursthorn, Galaxy’s head of communication.
For more insights on how ETFs are reshaping the crypto markets, watch the full video on Cointelegraph’s YouTube channel, and remember to subscribe!