Mr. Fatwa on Nostr: #bitcoin etf discussion -Canada currently has 5 x BTC spot etf with 1.4 billion ...
#bitcoin etf discussion
-Canada currently has 5 x BTC spot etf with 1.4 billion assets under mgmt (as at July)
-The size of Canada’s equity market is roughly 4 trillion
-Not factoring commodity markets except those included in TSX equities
-This roughly places adoption for this product at 0.031%
-US equity market is 46 trillion
-Assuming a similar rate of adoption, this could imply a demand of 14.26 billion (at current btc price)
-current market cap bitcoin 503 billion
I'm thinking the short term impact of US spot ETF approval will end up a nothing burger.
Bitcoin is a wild beast, and we are in the low interest portion of the cycle, so this could obviously change.
Open dialogue here, so feel free to correct or add your thoughts. Just trying to use information available today to best guess the short term outcome tomorrow.
-Canada currently has 5 x BTC spot etf with 1.4 billion assets under mgmt (as at July)
-The size of Canada’s equity market is roughly 4 trillion
-Not factoring commodity markets except those included in TSX equities
-This roughly places adoption for this product at 0.031%
-US equity market is 46 trillion
-Assuming a similar rate of adoption, this could imply a demand of 14.26 billion (at current btc price)
-current market cap bitcoin 503 billion
I'm thinking the short term impact of US spot ETF approval will end up a nothing burger.
Bitcoin is a wild beast, and we are in the low interest portion of the cycle, so this could obviously change.
Open dialogue here, so feel free to correct or add your thoughts. Just trying to use information available today to best guess the short term outcome tomorrow.