Over time, the approval of crypto ETFs within the U.S. may signify the same disruption in market construction because the one seen in gold. It may shift the narratives round BTC (retailer of worth) and ETH (crypto tech play) nearer to a conventional funding asset. In different phrases, ETF traders could also be following completely different narratives and demand capabilities (say, portfolio rebalancing or disposable earnings) to crypto native traders, the identical means as Asian central banks purchase gold for various causes than conventional traders.
