“That [pricing of spot ETF) makes it less clear how much more bitcoin could outperform if a favorable U.S. Securities and Exchange Commission SEC decision occurs. That is, in the event of one or more approvals, we believe there could be meaningful net inflows, but these may take time to materialize while markets tend to be impatient,” Duong said.
The Approval of Bitcoin (BTC) Spot ETFs is Already Partially Priced In, Coinbase Says
