Bitcoin ETFs Are Expected to Increase Retail Investment

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Last Updated on December 24, 2023 by Bitfinsider

If authorized, Bitcoin ETFs may drastically change the environment for ordinary investors seeking exposure to the world’s largest cryptocurrency. The adoption of Bitcoin ETFs, according to Vijay Boyapati, a renowned Bitcoin enthusiast and author of “The Bullish Case for Bitcoin,” might liberate large quantities of retail money. Purchasing Bitcoin (BTC) with fiat cash is currently riddled with complications, such as custody concerns, taxation complexity, and a general lack of awareness regarding cryptocurrencies.

Furthermore, the extensive “Know-Your-Customer” (KYC) procedures needed by fiat on-ramps are a deterrent to new investors. The potential impact of Bitcoin ETFs has split the Bitcoin community. Others are concerned, while Boyapati sees them as a doorway to further adoption. Notably, PlanB, the originator of the Stock-to-Flow (S2F) model, stated on his social media account that the market may have underestimated the impact of the BTC ETF acceptance.

He noted that many markets are either unaware of the approval or see it as a’sell the news’ event. The financial world is buzzing as the deadline for the Securities and Exchange Commission (SEC) to make a decision on BTC ETFs approaches. The decision date is scheduled for January 10, 2024, with many analysts believing that the first batch of ETFs would be approved soon after. Major fund managers such as BlackRock, Ark, and Grayscale are said to have visited with SEC personnel recently, stoking anticipation about upcoming approvals.

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.