Crypto Daily™9 minutes ago

Published on October 18, 2023 15:21 GMT+00:00edited on October 18, 2023 15:24 GMT+00:00

The broader crypto market is bubbling with anticipation, especially with the spotlight on the potential inflows from spot ETFs. When you compare it to the last bull market cycle, it seems that the funds coming in could eclipse the money that previously flowed into the Grayscale Bitcoin Trust (GBTC). For those not in the loop, GBTC stands tall as the world's largest cryptocurrency fund, boasting a staggering $16.7 billion in assets under management.

Now let's do some math. CryptoQuant throws in an exciting projection: imagine the issuers keen on listing bitcoin ETFs divert just 1% of their Assets Under Management (AUM) to these ETFs. We could see an injection of approximately $155 billion into the bitcoin market. That's not chump change – it's nearly a third of bitcoin's current market …