The fact that there haven't been just day-one flows, but strong positive inflows in 18 of the first 19 days is really gratifying. It makes me extremely optimistic on where bitcoin's price is going, and its importance in the world.
It was nerve-wracking to launch, while we're not BlackRock, we're not new to this space. [But] we provide crypto asset funds so we needed to be relevant. Now, he believes ETFs have reached escape velocity and are 'big enough to be sustainable from an economic perspective.'
We believe that as more and more people have access to a national account, there will be huge demand to own bitcoin inside of that account. And that ETF will be the easiest way to get access to the asset.
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