EXCLUSIVE: Bitcoin ETF's Potential Approval Looms Large — 'The Market Has Not Realized How Big A Deal This Is'
Portfolio Pulse from Murtuza Merchant
At Benzinga's Future of Digital Assets event, Bitwise's Matt Hougan highlighted the potential impact of a Bitcoin ETF, comparing it to the transformative effect of gold ETFs. Grayscale's Brooke Stoddard discussed the Grayscale Bitcoin Trust's evolution towards an ETF. WisdomTree's Ryan Louvar emphasized the diversification benefits of Bitcoin, and Invesco's Todd Kuehl spoke on regulatory challenges. The market has yet to fully price in the significance of a Bitcoin ETF approval.
November 14, 2023 | 9:57 pm
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Grayscale's Brooke Stoddard discussed the transition of the Grayscale Bitcoin Trust towards becoming a Bitcoin spot ETF, which could significantly impact its market perception and demand.
The transition of GBTC to an ETF structure could attract more investors due to the familiarity and regulatory clarity of ETFs, potentially increasing demand and the price of GBTC in the short term.
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