Over time, the approval of crypto ETFs within the U.S. might symbolize an analogous disruption in market construction because the one seen in gold. It might 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 totally different narratives and demand capabilities (say, portfolio rebalancing or disposable revenue) to crypto native traders, the identical approach as Asian central banks purchase gold for various causes than conventional traders.
