Spot BTC ETFs - future now

The launch of spot BTC ETFs is just the beginning of a new chapter for the crypto industry. Translation and adaptation of the article by TheBlock. The debut of the new funds was met with great enthusiasm and liquidity: as my colleague RT Watson noted, the trading volume amounted to $3.1 billion on the second day of trading. Among issuers of new spot bitcoin funds, BlackRock led the way with $564 million in trading volume on Friday, while Fidelity's trading volume was $431 million. Fidelity is likely to be welcomed by issuers and market participants at first, further fueling this important stage in the asset class's maturation and gaining acceptance among Wall Street giants. Proponents of this financial instrument expect that it could replicate the impact of the first gold spot ETF on the precious metal, opening up the precious metal to a wider investor base and causing its price to surge. However, it is important to realize that these changes will be gradual. While ETFs represent an important step, don't get too caught up in flows and volumes in the initial stages, given the deliberate - one might say painstakingly slow - pace of Wall Street.