Ya, I'd say it's been quite positive. I mean, including Grayscale that's over $50 billion in holdings or like 4.3% of all Bitcoin is held in ETFs now, which seems pretty significant. Be interesting to see if indeed it's mostly been retail plus HF when the 13Ds come in. Don't think anyone expected anything serious from institutional investors right off the bat.
Interesting in the comments about how the expected buyers would be ppl that already 'know' Bitcoin. If you've been a fan then by now you've already sorted through how to buy and sell so spillover from those, likely more sticky, investors would not have been as substantial as you might have guessed.
RE: BTC ETFs not sure about the negative sentiment around these launches. By all measurements they were successful launches. See thread https://x.com/biancoresearch/status/1784678044411818241
Ya, I'd say it's been quite positive. I mean, including Grayscale that's over $50 billion in holdings or like 4.3% of all Bitcoin is held in ETFs now, which seems pretty significant. Be interesting to see if indeed it's mostly been retail plus HF when the 13Ds come in. Don't think anyone expected anything serious from institutional investors right off the bat.
Interesting in the comments about how the expected buyers would be ppl that already 'know' Bitcoin. If you've been a fan then by now you've already sorted through how to buy and sell so spillover from those, likely more sticky, investors would not have been as substantial as you might have guessed.