Bitcoin & MicroStrategy
#NFA #DYOR 5 reasons why a spot Bitcoin ETF approval could send BTC price above $100K The price of Bitcoin is determined by the balance between immediate demand and the supply of coins at a specific price level. By offering products where the asset manager retains the management fee, the incentives for providing the product increase significantly. * This means that sales teams at BlackRock, Fidelity, Ark Invest, Bitwise, VanEck, and other issuers will be fully engaged in attracting both internal and external clients. Other funds managed by these multi-trillion-dollar asset managers may also be encouraged to invest in Bitcoin's newly launched ETF. Historically, the ETF industry has witnessed a concentration of assets among the top two issuers. For example, SPDR Gold Trust (GLD) and iShares Gold Trust (IAU) represent over 85% of the industry's assets under management . Additionally, the market leader State Street's GLD has an expense ratio of 0.4%, which is considerably ...