The total market cap of gold ETFs is ~100 billion.
Let’s say the Bitcoin ETFs get 10 or 20 percent of that amount in the first year.
That’s really not gonna move the price at all.
Discussion
You think $10-20B in buying pressure wouldn't move the price?
Of course it will. But not to 100k like some bozos think.
Maybe like a 10k jump? I honestly have no idea. But when I found out that there was only a 100 bill in gold ETFs I was surprised.
I’d be shocked if over 10 billion goes into Bitcoin ETFs in the first year.
1% allocation will be the Start for a lot of institutional money