CoinDesk reports that Matrixport, a cryptocurrency service provider, has released a study on the 9th suggesting that the approval of a Bitcoin spot ETF could potentially lead to an influx of up to $30 billion in funds. Drawing parallels between BTC and gold as stores of value, the report highlights that Bitcoin's market capitalization stands at $540 billion, which is about 10.8% of gold's market cap. Given that gold ETFs have a market capitalization of $200 billion, the report speculates that a Bitcoin spot ETF could attract roughly $30 billion, should it be approved. Markus Thielen, a senior researcher at Matrixport, further commented that technological advancements make it increasingly plausible for Bitcoin to be recognized as both a store of value and a speculative financial asset, akin to gold.

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