Are Spot Bitcoin ETFs Just the Beginning for Wall Street?
BLKBlackRock(BLK) The Motley Fool·2024-03-30 17:31

The new spot Bitcoin (BTC -0.25%) ETFs are arguably one of the most important product launches on Wall Street in the past 30 years. In less than three months, they have already attracted nearly 30billionfrominvestors,anddailyinflowsonsomedayshavebeenmorethan30 billion from investors, and daily inflows on some days have been more than 1 billion. Over the short term, these new spot Bitcoin ETFs will help to popularize the idea of cryptocurrency as a stand- alone asset class that deserves a place in your portfolio. Over the longer term, they could serve as the gateway to ...