When talking about mass adoption of #Bitcoin, most people think this means using it as a form of payment, and even though this is becoming more common every day thanks to the lightning network, ±70% of the #BTC market are hodlers (people who hold cryptocurrencies for the long term regardless of market fluctuations).
A #ETF of Bitcoin managed by the world's largest fund management companies is, de facto, a massive and much deeper adoption of the traditional financial system, as it will be a common asset in the portfolios of pension funds, social security funds, unions, countries, large banking institutions, etc., actors with much more capital than the retail market and who do have the commercial strength to penetrate the market and place the product.
That is to say, an asset with a finite supply (there will only be 21 million Bitcoins that can be divided up to one-millionth) and with a market capitalization of ±900 billion dollars, must accommodate the global demand for this asset.
Here there will be an objective and scientifically measurable change. If only 30% of the market corresponds to the float (quantity of bitcoins available for trading on the market, excluding those that are stored long-term or lost), with the arrival of new players with the characteristics we have described above, it is logical to anticipate that, in the scenario in which a Bitcoin ETF is approved, there will be a profound disruption of the usual market volume and there will be an increase in the price.
Literally, a new type of asset was created and it would be recognized by the most important authorities in investments worldwide, the SEC.
In my opinion, this is a unique, historic event that will change the financial world.
