Spot Bitcoin ETFs Are Just the Beginning for Wall Street

The scale at which asset managers are buying up bitcoins and reducing on-exchange supply has outpaced even the wildest of projections, and ETF issuers have already set their sites on ETH. If you think they will stop there, keep in mind all the various trusts holding crypto assets out there structured similarly to Grayscale’s GBTC trust, before it converted into an ETF.

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