The Crypto Conversation Bitcoin ETFs - What happens next?
After the approval of a long-awaited Bitcoin ETF U.S. investors finally have an easy means to invest in Bitcoin. What is the likelihood that a Bitcoin spot-based ETF will be approved next? Andy speaks to Brave New Coin analyst Aditya Das to assess the evolving Bitcoin ETF landscape in the U.S.
Why you should listen:The launch of the first-ever Bitcoin ETF by ProShares in the United States was the trigger that pushed the price of Bitcoin to new all-time highs in October. On October 18th, the day of the ETF launch, 'Bitcoin ETF' was the sixth trending Google Search term in the United States just below searches for 'Kanye West'.
Demand for the ETF has already exceeded expectations. Upon opening for trading, it broke the record for the largest day-1 ETF launch ever by natural volume. BITO assets under management (AUM) hit US$1.1 billion after its 2nd day of trading, making it the fastest ETF to get to $1b, breaking an 18-year-old record previously set by gold.
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