Emissores de ETF Bitcoin podem diminuir até o final do ano, afirma Valkyrie CIO
Emissores de ETF Bitcoin podem diminuir até o final do ano, afirma Valkyrie CIO Spot Bitcoin exchange-traded funds (ETF) are close to their first month anniversary of operating, but there is a chance the field of ETFs may shrink by the end of the year, said Valkyrie Funds Chief Investment Officer Steven McClurg. McClurg predicts that of the ten issuers currently operating, only “about seven or eight” will be left standing. The reason, he tells Descifrar, is because the costs of running a spot ETF for Bitcoin may prove too onerous—especially amid a race to the bottom fee-cut war that can hurt profitability for issuers that are struggling now. “If you dont gather $100 million [of assets under management] by now, you might as well cut it loose,” McClurg said. Since the Securities and Exchange Commission granted its approval to the first batch of Bitcoin spot ETFs on Jan. 10, the influx of funds has been strong. On the first day of trading alone, there was $4.5 billion in trading, a massive start by any standard. In the last day alone there was another $400 million in inflows, according to Bloomberg analyst James Seyffart. In looking back at the last month, McClurg said that events
