Crypto watchers believe there's still time to join the Bitcoin ETF rally at a crucial juncture.
In less than a year since their launch, exchange-traded funds have surpassed $100 billion in assets under management, and crypto watchers predict no demand slowdown.
Brian Hartigan of Invesco believes that both individuals and institutions can gain from investing in the popular ETF category.
"The global head of ETFs and index investments at the firm stated on CNBC's "ETF Edge" on Monday that ETFs are liquid and regulated, which highlights their benefits. He hopes that ETFs will serve as an intermediary vehicle to provide institutional investors with greater access to digital coins."
Bitcoin prices have surged more than 10% in the past month, reaching above $100,000, according to Coin Metrics. Nate Geraci, president of The ETF Store, attributes the price increase to President-elect Donald Trump's election victory.
Geraci stated in the interview that the changing regulatory environment has boosted investor confidence, particularly advisors and institutional investors, to enter the crypto market.
The president-elect has appointed David Sacks as the artificial intelligence and crypto czar in his administration, while Trump announced on social media that he plans to nominate Paul Atkins to serve as the next U.S. Securities and Exchange Commission chair. Both appointments are expected to promote pro-crypto policy.
"Geraci stated that the regulatory environment has become more favorable, which is reflected in the rise of crypto prices and the increasing number of crypto ETFs entering the market."
Hartigan of Invesco agrees that the regulatory environment may be creating more opportunities for bitcoin ETFs.
In the next chapter, we can expect to see the ease of introducing new ideas and opportunities for the asset class, whether it's through reserves, access points, or additional liquidity vehicles. This presents a significant opportunity for the asset class, according to Hartigan.
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