CoinShares’ Meltem Demirors believes that the approval of Bitcoin exchange-traded funds (ETFs) will not lead to a bearish market for Bitcoin. According to Demirors, investment flows into crypto exchange products indicate a strong demand for Bitcoin. The approval of spot-based Bitcoin ETFs is expected to bring billions of dollars of capital into BTC. Demirors argues that this will not be a sell-the-news event because Bitcoin has a limited supply. As for other digital assets, Demirors believes that it will take more time for asset managers to issue ETFs due to a lack of track record and liquidity. Currently, there is over $50 billion in global assets under management across crypto ETPs, with the majority invested in Bitcoin. Ethereum and Solana are also popular choices for investors.
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CoinShares’ Meltem Demirors Says Approval of Bitcoin ETFs Will Not Be a Sell-the-News Event – Here’s Why
