Unchained How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection - Ep. 562
Oct 27, 2023
In this discussion, Alex Thorn, head of research at Galaxy, shares insights on Bitcoin ETFs and their potential to attract over $14 billion in the first year post-approval. He emphasizes the importance of these funds for financial advisors seeking to introduce clients to crypto. Thorn also forecasts significant market growth, drawing parallels between Bitcoin and gold. Michael Del Castillo provides a recap of the week’s key crypto news, covering political impacts and market movements related to ETFs. Together, they navigate the evolving crypto landscape.
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Episode notes
Bitcoin ETF's Significance
- Spot Bitcoin ETFs will significantly impact wealth management by granting advisors and clients easier access to digital assets.
- This accessibility is crucial for broader Bitcoin adoption in portfolios managed by financial advisors.
Bitcoin ETF Approval Timeline
- Experts like Matt Hogan and James Seifert predict Bitcoin ETF approval by January 10, 2024, due to ARK's deadline.
- The SEC is unlikely to deny approval in January and then approve in March.
Bitcoin ETF Inflow Projections
- Galaxy's report projects $14.5 billion in Bitcoin ETF inflows in year one and $38 billion in year three, targeting wealth management.
- These are conservative lower-bound estimates based on assumptions about addressable market size and allocation percentages.
