Over time, the approval of crypto ETFs within the U.S. may symbolize an identical 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 buyers could also be following completely different narratives and demand features (say, portfolio rebalancing or disposable revenue) to crypto native buyers, the identical manner as Asian central banks purchase gold for various causes than conventional buyers.
