The approval of US-listed spot Exchange Traded Funds (ETFs) tracking Bitcoin (BTC) and Ethereum (ETH) prices this year was considered a game-changer for the crypto industry.
Big institutional investors are still wary of allocating funds in Bitcoin spot ETF s, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class. Ethereum ETF demand is expected to continue lagging behind that of Bitcoin ’s. The approval of US-listed spot Exchange Traded Funds tracking Bitcoin and Ethereum prices this year was considered a game-changer for the crypto industry.
“If you want to do a $50 billion allocation because this is the smallest unit of allocation you can do as a big institution , you would need Bitcoin price to go higher for the Dollar liquidity to match the size that you are looking for,” he illustrates. Dina Tsarapkina, partner at venture capital firm Agnostic Fund, said the possibility of one big institution starting to offer Bitcoin ETFs to its customers in the next six months is quite probable.
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