Expert Opinions: Massive Inflows to Follow Spot Bitcoin ETF Approval, Bull Market Questionable
Talking with Cryptonews, three experts have shared their views on spot Bitcoin ETFs trading volumes.
They discussed the initial price drop post-approval, how the US Fed and presidential election could affect the market, BlackRock’s marketing approach, the benefits and downsides of the new product, and more.
For this article, we talked to Vijay Marolia, the Managing Partner and Chief Investment Officer of Regal Point Capital and a money manager with over 20 years of capital markets experience, Shane Rodgers, the Chairman and Co-founder of the PDX platform, and Dan Hoover, the Chief Operating Officer and Chief Compliance Officer at investment firm Castle Funds.
Read on to learn what they told us.
Talking about the approved spot Bitcoin ETFs trading volumes, Vijay Marolia opined that “Bitcoin isn’t going away anytime soon.”
Shane Rodgers argued that volumes indicate the size and scope of the new ETF market. They suggest that BTC adoption and investment will continue to grow for the foreseeable future.
“We’ll see that reflected in direct BTC prices and trading volumes,” said Rodgers.
He added that the market is correct to anticipate massive inflows.
“This will drive BTC prices and crypto valuations overall well into the future.”
The market saw an initial price decrease following the new Bitcoin ETF approval.
Per Marolia,
“This as the first act of a strategic shift in institutional investors exposure—this is not necessarily a vote on a bull or bear market.”
Rodgers argued that the drop doesn’t tell us much at all – only that BTC is behaving like a normal financial asset more and more. These moves are quite normal in traditional financial assets, he said.
He added that “it should also always be remembered that retail investors are
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