The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist.
Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history, having generated a $309.53 billion volume. Just within the first day of trading, spot-traded Bitcoin ETFs pulled in $4 billion, crushing the previous record holder, Gold ETF (GLD), which took 3 days to top $1 billion in inflows.
This is all the more impressive as Bitcoin is a novel asset compared to ancient gold. The trend clearly points to Bitcoin being more fit for purpose in the digital age. But what is that purpose?
BlackRock’s Head of Thematic & Active ETFs, Jay Jacobs, recently noted that Bitcoin is a “potential hedge against geopolitical and monetary risks”. By now, most people are aware that central banks’ ability to tamper with the money supply brings many moral hazards, from record-breaking budgetary deficits to inflation as an extra layer of taxation to cover
We współpracy z: https://cryptoslate.com/how-institutional-networks-are-preparin-for-bitcoin-integration/
