“I think the perception is that Day 1, a bitcoin ETF launches and Day 2 it has $30 billion in assets, and that’s just not the way ETF works,” Hougan said. “GLD is the fastest-growing ETF of all time, it hit $1 billion in three days, then hit $3 billion after a year, andafter five years, it hit $30 billion.
Related posts
-
Japan’s Metaplanet (3350) Buys Another $1.2M Worth of Bitcoin (BTC) as Investment Strategy Progresses
The bitcoin-accumulation strategy mirrors the approach taken by Tysons Corner, Virginia-based software developer MicroStrategy, which has... -
Bitcoin Weekend Trading Volumes Plunge To Record Lows
Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend... -
Bitcoin Price Blasts Past $63,000: Top 3 Reasons
Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase...