Simon Peters, expert crypto-asset analyst at multi-asset investment platform eToro, in which the expert analyzes some of the possible implications of the approval of an ETF on the US bitcoin spot price for the crypto assets.
"We could expect the same framework applied to approve a bitcoin spot ETF to be used for other cryptoassets, for example an Ethereum spot ETF," he notes.
Possible consequences on the cryptoasset market of the #Bitcoin spot ETF
Although the focus is currently on bitcoin, the possible approval of an ETF on the digital asset's spot price could lead to positive price movement for other crypto assets, particularly among larger capitalization coins or tokens, such as Ethereum. .
We could also expect the same framework applied to approve a bitcoin spot ETF to be used for other cryptoassets, for example an Ethereum spot ETF.
This potential approval of a spot bitcoin ETF could bring a significant influx of institutional investors into the cryptocurrency space. It could also be beneficial for retail investors, who are now bullish on crypto of all assets heading into the fourth quarter, with 15% saying crypto would be the asset class they plan to buy before December, according to our recent eToro “Pulse of the Retail Investor” global survey.
This approval could allow retail investors to gain exposure to bitcoin through an ETF, a regulated investment vehicle and a tax-sheltered product such as an ISA (individual savings account) or SIPP in the United Kingdom or an IRA in the United States. Joined.
Source: Territorioblockchain.com
This content is for informational and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. CFDs are leveraged products and carry a high risk to your capital. Investing in crypto assets is not regulated in some EU countries or the United Kingdom. There is no consumer protection. Your capital is subject to risk.
