The arrival of the spot bitcoin ETFs has been celebrated among investors as a source of new demand for the asset-now available in a more accessible format-that could push up the price. Yet a significant portion of the financial upside will be captured behind the scenes, not in the open market.
The pool of firms that perform these trading-related functions is limited, says James Seyffart, ETF research analyst at Bloomberg Intelligence, partly because of the amount of cash required to deal with large quantities of assets flowing in.
[
Collection
]
[
|
...
]