My favorite thing about a spot #Bitcoin ETF?

For now, the approval seemingly hinges on the filer’s ability to prove there will be NO REHYPOTHECATION!

Believe it or not, the SEC doesn’t want there to be anymore defaults than we do. Now, whether they are competent enough to prevent this through proper procedures is still up for debate.

It’s hard to estimate exactly how much money is expected to flow into #BTC, but it isn’t hard to estimate how difficult it will be for institutions to gain exposure to #Bitcoin after a spot ETF is approved…EFFORTLESS. Think of it as newfound demand, a good bit of which is smart money, coming in with diamond hands.

Keep in mind the efforts for getting a spot #Bitcoin ETF is no new subject. It’s been in the works for a decade, but this time seems different with BlackRock leading the charge.

The deadlines for these ETF approvals are likely going to act as a catalyst to kick off this next cycle, if approved, there will be multiple new avenues where demand for exposure can be satiated.