This might be obvious to people, but why won’t it?
Discussion
I don’t see why spot ETFs would suddenly drive more adoption, it’s not like people are limited with buying options at present. To me, all this does it open the door for even more manipulation. Just my 2 sats.
Oh I see. But I see the large asset management firms as being tightly integrated into gov, so I’m treating the moves by Blackrock, BoA, Citadel etc as a signal that U.S. regulators are going to treat BTC with some warmth. It might also be a harbinger of new capital from central banks flowing into the market. More about adverse selection than ease of purchase.