• bitcoinBitcoin (BTC) $ 67,021.00
  • ethereumEthereum (ETH) $ 3,457.26
  • tetherTether (USDT) $ 0.999308
  • bnbBNB (BNB) $ 592.59
  • solanaSolana (SOL) $ 179.04
  • xrpXRP (XRP) $ 0.609053
  • usd-coinUSDC (USDC) $ 0.999656
  • staked-etherLido Staked Ether (STETH) $ 3,456.48
  • dogecoinDogecoin (DOGE) $ 0.137381
  • the-open-networkToncoin (TON) $ 6.95
  • cardanoCardano (ADA) $ 0.431201
  • avalanche-2Avalanche (AVAX) $ 31.63
  • tronTRON (TRX) $ 0.134076
  • shiba-inuShiba Inu (SHIB) $ 0.000018
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,085.00
  • polkadotPolkadot (DOT) $ 6.24
  • chainlinkChainlink (LINK) $ 14.13
  • bitcoin-cashBitcoin Cash (BCH) $ 387.96
  • nearNEAR Protocol (NEAR) $ 6.15
  • uniswapUniswap (UNI) $ 7.90
  • litecoinLitecoin (LTC) $ 72.36
  • leo-tokenLEO Token (LEO) $ 5.76
  • daiDai (DAI) $ 0.997634
  • pepePepe (PEPE) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 3,614.70
  • matic-networkPolygon (MATIC) $ 0.534992
  • internet-computerInternet Computer (ICP) $ 10.31
  • kaspaKaspa (KAS) $ 0.174109
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.40
  • ethereum-classicEthereum Classic (ETC) $ 23.42
  • aptosAptos (APT) $ 7.33
  • ethena-usdeEthena USDe (USDE) $ 0.999934
  • stellarStellar (XLM) $ 0.105305
  • moneroMonero (XMR) $ 162.09
  • mantleMantle (MNT) $ 0.877831
  • dogwifcoindogwifhat (WIF) $ 2.80
  • blockstackStacks (STX) $ 1.86
  • filecoinFilecoin (FIL) $ 4.66
  • render-tokenRender (RENDER) $ 6.82
  • makerMaker (MKR) $ 2,791.68
  • arbitrumArbitrum (ARB) $ 0.775109
  • hedera-hashgraphHedera (HBAR) $ 0.071914
  • injective-protocolInjective (INJ) $ 26.32
  • crypto-com-chainCronos (CRO) $ 0.093613
  • cosmosCosmos Hub (ATOM) $ 6.34
  • okbOKB (OKB) $ 41.07
  • immutable-xImmutable (IMX) $ 1.59
  • vechainVeChain (VET) $ 0.029759
  • bittensorBittensor (TAO) $ 327.95
  • optimismOptimism (OP) $ 1.91
  • bonkBonk (BONK) $ 0.000031
  • suiSui (SUI) $ 0.837818
  • arweaveArweave (AR) $ 31.98
  • the-graphThe Graph (GRT) $ 0.208770
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,880.12
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,510.97
  • flokiFLOKI (FLOKI) $ 0.000196
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,590.86
  • lido-daoLido DAO (LDO) $ 1.84
  • bitget-tokenBitget Token (BGB) $ 1.17
  • thorchainTHORChain (RUNE) $ 4.69
  • notcoinNotcoin (NOT) $ 0.015306
  • theta-tokenTheta Network (THETA) $ 1.56
  • ondo-financeOndo (ONDO) $ 1.04
  • celestiaCelestia (TIA) $ 7.35
  • whitebitWhiteBIT Coin (WBT) $ 10.14
  • fantomFantom (FTM) $ 0.517334
  • coredaoorgCore (CORE) $ 1.57
  • jasmycoinJasmyCoin (JASMY) $ 0.029010
  • aaveAave (AAVE) $ 94.60
  • jupiter-exchange-solanaJupiter (JUP) $ 1.04
  • based-brettBrett (BRETT) $ 0.139945
  • pyth-networkPyth Network (PYTH) $ 0.354730
  • algorandAlgorand (ALGO) $ 0.152321
  • sei-networkSei (SEI) $ 0.388394
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,471.42
  • mantra-daoMANTRA (OM) $ 1.31
  • quant-networkQuant (QNT) $ 74.33
  • gatechain-tokenGate (GT) $ 7.80
  • elrond-erd-2MultiversX (EGLD) $ 37.27
  • beam-2Beam (BEAM) $ 0.019351
  • flowFlow (FLOW) $ 0.630008
  • galaGALA (GALA) $ 0.025813
  • msolMarinade Staked SOL (MSOL) $ 215.53
  • kucoin-sharesKuCoin (KCS) $ 9.75
  • axie-infinityAxie Infinity (AXS) $ 6.16
  • bitcoin-svBitcoin SV (BSV) $ 45.78
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,517.52
  • eosEOS (EOS) $ 0.588527
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.03
  • popcatPopcat (POPCAT) $ 0.895938
  • flare-networksFlare (FLR) $ 0.019862
  • ordinalsORDI (ORDI) $ 41.24
  • akash-networkAkash Network (AKT) $ 3.57
  • dydx-chaindYdX (DYDX) $ 1.42
  • bittorrentBitTorrent (BTT) $ 0.00000089
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.05
  • heliumHelium (HNT) $ 5.06
  • neoNEO (NEO) $ 11.58
  • mog-coinMog Coin (MOG) $ 0.000002
  • ethenaEthena (ENA) $ 0.459007
  • tezosTezos (XTZ) $ 0.780651
  • roninRonin (RON) $ 2.28
  • the-sandboxThe Sandbox (SAND) $ 0.335057
  • starknetStarknet (STRK) $ 0.589306
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,728.78
  • usddUSDD (USDD) $ 0.997950
  • fasttokenFasttoken (FTN) $ 2.28
  • conflux-tokenConflux (CFX) $ 0.169006
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.007998
  • nexoNEXO (NEXO) $ 1.25
  • ecasheCash (XEC) $ 0.000035
  • zksyncZKsync (ZK) $ 0.187531
  • worldcoin-wldWorldcoin (WLD) $ 2.42
  • frax-etherFrax Ether (FRXETH) $ 3,473.09
  • gnosisGnosis (GNO) $ 256.02
  • zebec-protocolZebec Protocol (ZBC) $ 0.012886
  • pendlePendle (PENDLE) $ 4.18
  • chilizChiliz (CHZ) $ 0.072671
  • decentralandDecentraland (MANA) $ 0.345999
  • fraxFrax (FRAX) $ 0.994677
  • mina-protocolMina Protocol (MINA) $ 0.563033
  • book-of-memeBOOK OF MEME (BOME) $ 0.009246
  • raydiumRaydium (RAY) $ 2.40
  • oasis-networkOasis Network (ROSE) $ 0.093424
  • havvenSynthetix Network (SNX) $ 1.84
  • wormholeWormhole (W) $ 0.333630
  • aioz-networkAIOZ Network (AIOZ) $ 0.533384
  • tether-goldTether Gold (XAUT) $ 2,390.88
  • iotaIOTA (IOTA) $ 0.172864
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000027
  • layerzeroLayerZero (ZRO) $ 5.22
  • swethSwell Ethereum (SWETH) $ 3,675.66
  • dexeDeXe (DEXE) $ 10.01
  • paypal-usdPayPal USD (PYUSD) $ 0.999251
  • nervos-networkNervos Network (CKB) $ 0.012659
  • apecoinApeCoin (APE) $ 0.835828
  • klay-tokenKlaytn (KLAY) $ 0.151106
  • livepeerLivepeer (LPT) $ 16.27
  • astarAstar (ASTR) $ 0.076963
  • safeSafe (SAFE) $ 1.27
  • axelarAxelar (AXL) $ 0.731764
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,771.45
  • 1inch1inch (1INCH) $ 0.424004
  • true-usdTrueUSD (TUSD) $ 0.999433
  • aerodrome-financeAerodrome Finance (AERO) $ 0.907944
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000089
  • turboTurbo (TURBO) $ 0.006936
  • zcashZcash (ZEC) $ 31.49
  • iotexIoTeX (IOTX) $ 0.050440
  • illuviumIlluvium (ILV) $ 71.24
  • theta-fuelTheta Fuel (TFUEL) $ 0.071487
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.05
  • wemix-tokenWEMIX (WEMIX) $ 1.15
  • aevo-exchangeAevo (AEVO) $ 0.538524
  • kavaKava (KAVA) $ 0.420893
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004492
  • bitcoin-goldBitcoin Gold (BTG) $ 25.79
  • stader-ethxStader ETHx (ETHX) $ 3,575.81
  • xdce-crowd-saleXDC Network (XDC) $ 0.029983
  • pax-goldPAX Gold (PAXG) $ 2,392.84
  • project-galaxyGalxe (GAL) $ 3.66
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • apenftAPENFT (NFT) $ 0.00000043
  • g-tokenGravity (G) $ 0.058397
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.082322
  • usdbUSDB (USDB) $ 1.00
  • woo-networkWOO (WOO) $ 0.206844
  • h2o-daoH2O Dao (H2O) $ 0.476250
  • mx-tokenMX (MX) $ 4.00
  • singularitynetSingularityNET (AGIX) $ 0.611877
  • manta-networkManta Network (MANTA) $ 1.03
  • arkhamArkham (ARKM) $ 1.57
  • safepalSafePal (SFP) $ 0.818242
  • compound-ethercETH (CETH) $ 69.51
  • memecoin-2Memecoin (MEME) $ 0.016400
  • blurBlur (BLUR) $ 0.208808
  • dymensionDymension (DYM) $ 1.92
  • rocket-poolRocket Pool (RPL) $ 17.86
  • osmosisOsmosis (OSMO) $ 0.532487
  • aragonAragon (ANT) $ 8.87
  • stepnGMT (GMT) $ 0.155680
  • echelon-primeEchelon Prime (PRIME) $ 8.27
  • compound-governance-tokenCompound (COMP) $ 51.04
  • corgiaiCorgiAI (CORGIAI) $ 0.001009
  • kusamaKusama (KSM) $ 22.73
  • golemGolem (GLM) $ 0.345414
  • jito-governance-tokenJito (JTO) $ 2.75
  • ponkePONKE (PONKE) $ 0.610677
  • zilliqaZilliqa (ZIL) $ 0.017623
  • curve-dao-tokenCurve DAO (CRV) $ 0.277189
  • enjincoinEnjin Coin (ENJ) $ 0.198841
  • holotokenHolo (HOT) $ 0.001843
  • blastBlast (BLAST) $ 0.018045
  • dydxdYdX (ETHDYDX) $ 1.42
  • dashDash (DASH) $ 27.13
  • 0x0x Protocol (ZRX) $ 0.376584
  • celoCelo (CELO) $ 0.586143
  • gmxGMX (GMX) $ 32.89

Bitcoin ETF Market Will Grow Into A $100 Billion Juggernaut If Approved

0 170

According to Bloomberg Intelligence estimates, if approved, the US spot Bitcoin ETF market has the potential to grow into a $100 billion juggernaut over time. Analysts suggest that new money, particularly those looking to buy and hold over longer time periods, will be attracted to a spot product, which is also likely to be cheaper and more efficient than the current futures ETFs on US exchanges.

Bitcoin ETF Market Will Grow Into A $100 Billion Juggernaut If Approved

Source: Bloomberg

While Bitcoin-futures ETFs have received a warm welcome as they marked a watershed moment for the crypto industry, they have trailed Bitcoin’s rally this year. The expense associated with rolling over specific futures contracts as they expire has eaten into returns, causing the funds to become unmoored from the asset they track.

With spot ETFs more likely than futures-based ones to be a reflection of real-time supply and demand, their introduction may cause “migration of trading activity and liquidity” away from Bitcoin futures markets in the US. Proponents are optimistic that the heft of the issuers involved and Grayscale’s recent court win may finally tilt the odds in favor of these funds being approved.

Investors seeking exposure to Bitcoin have the option of the ProShares Bitcoin Strategy ETF, the largest Bitcoin-linked ETF with an average daily trading volume of nearly $135 million in 2023, putting it in the top 5% of all US ETFs. However, if spot-based ETFs are approved, Bitcoin ETFs could see significant outflows from futures-based ones.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source

Leave A Reply

Your email address will not be published.