Since the U.S. officially approved the first spot Bitcoin ETF at the beginning of 2024, the big question is: Will this product truly integrate Bitcoin into the global financial flow?
The answer has become somewhat clear: with over 10 billion USD from financial advisory organizations flowing into Bitcoin ETFs, this product is no longer just "a crypto experiment." It is gradually becoming a standard part of institutional investment portfolios.
Eric Balchunas – an expert from Bloomberg – stated that financial advisors could account for up to 40% of the total Bitcoin ETF assets in the near future. This is a huge figure considering that ETFs represent a market worth trillions of USD in the U.S.
This growth creates 3 major shifts for the market:
1. Shifting expectations from speculation to value storage. Investors no longer view Bitcoin as "a technology gamble" but begin to see it as "digital gold."
2. Strengthening the legal standing of Bitcoin globally. When ETFs are purchased by large asset management organizations, they compel regulators to establish a compatible legal framework.
3. Triggering a chain reaction to other financial institutions, such as banks, pension funds, and even government organizations.
Currently, according to data from CoinMarketCap, Bitcoin is trading at over 104,000 USD, with a market capitalization of 2.08 trillion USD, nearly approaching the maximum supply of 21 million BTC. Although the price has slightly adjusted by 0.99% in the last 24 hours, the increase of over 26% in the past 60 days indicates that investor sentiment is more positive than ever.
The future of Bitcoin is no longer a story for venture capital investors. Bitcoin ETFs – under the sponsorship of legitimate financial institutions – are gradually making BTC an indispensable part of the global financial asset map.
