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boost sales by using ai powered tools to automate customer feedback analysis and improve engagement ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Two decades ago, the debut of exchange-traded funds that let investors easily invest in gold prompted wildly optimistic predictions."This one is going to go gangbusters," Jim Wiandt, a well-known figure in the ETF space,told MarketWatch in November 2004when speaking about gold ETFs.

"It opens up a new asset class to investors."He was right.

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"We expect bitcoin to enjoy price gains of a similar magnitude as a result of U.S.

boost sales by using ai powered tools to automate customer feedback analysis and improve engagement ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!Spot ETF approval, but we see these gains materialising over a shorter (one- to two-year) period, given our view that the BTC ETF market will develop more quickly." The firm sees the price of bitcoin rising to $100,000 by the end of this year.This is what has some crypto observers so enthusiastic about bitcoin ETFs.

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"I think, ultimately, there will be less demand for a spot bitcoin ETF than there was for gold because bitcoin was always digital and buying it was not a market access issue in the same way as it was for gold."Spot bitcoin ETFs– the fuller term for the just-approved products,which own bitcoin itself, as opposed to the bitcoin futures ETFs that have already existed for several years and which hold derivatives contracts instead – have the potential to develop into a $100 billion product, according to some analysts.

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Most do not have the infrastructure to hold bitcoin directly nor have authorization to trade it at existing exchanges, so they can either invest through futures ETFs like ProShares' BITO or closed-ended funds such as Grayscale's Bitcoin Trust (GBTC).

However, these options come with high fees and multiple downsides.Similar to how the first gold ETF created in 2003 injected billions of dollars worth of inflow into gold, a bitcoin spot ETF could potentially do the same.

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