The cryptocurrency market got its first Bitcoin ETF this week after a long. The market also responded in equal measure with an overwhelming demand for the ProShares strategy Bitcoin ETF.
Well, this could be just the beginning of the crypto revolution coming to the market over the next decade. The $7 trillion ETF industry has played a key role in reducing the fee and costs of the asset management industry.
ETFs or exchange-traded funds trade similar to stocks. The costs of using them have dropped significantly and their expense ratios have reduced to half over the last two decades.
A similar revolution could be expected in the crypto space which could be challenging for the crypto exchanges that have been charging hefty fees. Bloomberg’s senior ETF analyst Eric Balchunas calls it the mother of all trends and said that it will steal business from exchanges. In his recent Twitter post, Balchunas writes:
ETFs are like a Terrordome, no one barely makes any money, everyone used to living o
We współpracy z: https://coingape.com/the-crypto-etf-revolution-can-pose-major-risks-to-crypto-exchanges-heres-why/
