{"id":22425,"date":"2023-07-20T12:23:46","date_gmt":"2023-07-20T12:23:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nydig-foresees-a-30-billion-increase-in-bitcoin-demand-from-spot-etfs\/"},"modified":"2023-07-20T12:23:46","modified_gmt":"2023-07-20T12:23:46","slug":"nydig-foresees-a-30-billion-increase-in-bitcoin-demand-from-spot-etfs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nydig-foresees-a-30-billion-increase-in-bitcoin-demand-from-spot-etfs\/","title":{"rendered":"NYDIG Foresees a $30 Billion Increase in Bitcoin Demand from Spot ETFs"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Bitcoin<\/a>, the world\u2019s flagship cryptocurrency, could experience a substantial influx of demand worth $30 billion if spot-based exchange-traded funds (ETFs) come into play, predicts NYDIG, a leading crypto trading firm. Drawing inspiration from the inaugural listing of the Gold ETF, this prediction also acknowledges some potential uncertainties.<\/p>\n

In the midst of the digital currency market\u2019s feverish anticipation for spot-ETFs, financial heavyweights like BlackRock<\/a> and Fidelity<\/a> have played significant roles. NYDIG\u2019s research report brings attention to the strong brand identities of these firms and their iShares franchise, which are familiar to a vast number of investors. The trading firm states that these factors, coupled with the simplicity and familiarity of transaction methods through securities brokers, could drive the benefits of a Bitcoin spot ETF.<\/p>\n

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The crypto trading firm has already undertaken modeling that indicates a total of $28.8 billion in Bitcoin assets currently managed, with $27.6 billion represented by spot-like products.<\/p>\n

Bitcoin, frequently tagged as \u2018digital gold<\/a>\u2018, draws inevitable comparisons with gold ETFs, especially those listed in the early 2000s. NYDIG\u2019s report highlights the relatively minor share of gold ETFs in the global gold supply, a mere 1.6%, compared to 17.1% held by central banks. Contrastingly, Bitcoin funds represent 4.9% of the total Bitcoin supply.<\/p>\n

Diving deeper into the comparison between Bitcoin and its traditional counterpart, gold, the demand for these assets within funds is significantly disproportionate. Gold funds attract a whopping $210 billion in investments, whereas Bitcoin funds hold a far less $28.8 billion.<\/p>\n

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Even though Bitcoin\u2019s volatility is about 3.6 times that of gold, investors would require less Bitcoin than gold, on a dollar-to-dollar basis, to obtain an equivalent level of risk exposure. This reality, NYDIG maintains, could potentially generate a staggering $30B in additional demand for a Bitcoin ETF.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Bitcoin, the world\u2019s flagship cryptocurrency, could experience a substantial influx of demand worth $30 billion if spot-based exchange-traded funds (ETFs) come into play, predicts NYDIG, a leading crypto trading firm. Drawing inspiration from the inaugural listing of the Gold ETF, this prediction also acknowledges some potential […]<\/p>\n","protected":false},"author":5,"featured_media":22426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22425"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22425"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22426"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}