Europe’s First Bitcoin ETF Set To Begin Trading After 12-Month Wait
The fact that the Bitcoin ETF is launching now could point to increased interest from institutional players in Europe, which could help to drive demand. Jacobi Asset Management points to this, saying that the ETF is launching now because “demand has shifted since last summer.” Digital Asset ETFs Heat Up The launch of Europes very first Bitcoin ETF comes amid the clamor from large fund managers to get a Spot ETF approved in the United States. So far, the likes of BlackRock, Fidelity, and WisdomTree, among others, have filed for Spot Bitcoin ETFs. And even after the SEC came back to call their filings inadequate, the fund managers have doubled down and refiled their applications. These ETFs, if approved, could be the trigger for the next bull run. Their potential impact has already been shown when the price of BTC surged above $31,000 following news of the Spot ETF applications by BlackRock and others. If anything, the rise in the number of fund managers filing for ETFs already suggests that these wealth managers are getting a lot of interest from their clients. And these clients are large investors whose entrance into the space could see billions of dollars flow into crypto.