CoinShares: A large influx of new funds from registered investment advisors in the coming months may trigger a surge in demand for Bitcoin
On March 18th, CoinShares research director James Butterfill stated that in the coming months, a significant influx of new funds from registered investment advisors may trigger a surge in demand for Bitcoin. Butterfill further pointed out that spot Bitcoin exchange-traded funds are not yet available to the RIA market, but with the opening of the RIA market, there could be a large amount of investments pouring in. Currently, only investment advisory firm Carsen Group allows trading of spot Bitcoin ETFs. Given that the RIA market represents around $50 trillion in assets, potential fund inflows could be substantial. The Bitcoin market is currently experiencing dynamics of increasing demand and decreasing supply. The newly minted supply of Bitcoins cannot keep up with demand, and ETF issuers must primarily purchase Bitcoins from the secondary market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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