Juan David Mendieta Villega is the co-founder of Keyrock.
The launch of a spot bitcoin exchange-traded fund from BlackRock is a highly anticipated event in the cryptocurrency industry. It is expected to provide unprecedented institutional access to the crypto market, representing a significant shift from leading banks and promising substantial capital inflows.
An ETF approval means that there will be an exponential increase in the amount of capital with access to BTC This arrival of capital will come over time as more and more investors and asset managers digest the news and decide that an allocation is not only reasonable but necessary. Likewise, the adoption of this financial product will take years as institutions such as broker-dealers, banks, and RIAs undergo due diligence and other processes before they can even offer BTC ETFs.
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