Bitcoin
Bitcoin (BTC)
$63,796.00 1.9421
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.40 2.29703
Ethereum price
BNB
BNB (BNB)
$571.01 1.57237
BNB price
Solana
Solana (SOL)
$157.42 3.51659
Solana price
XRP
XRP (XRP)
$0.5470110 1.95615
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 8.52264
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.50592
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.81668
Bonk price
Bitcoin
Bitcoin (BTC)
$63,796.00 1.9421
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.40 2.29703
Ethereum price
BNB
BNB (BNB)
$571.01 1.57237
BNB price
Solana
Solana (SOL)
$157.42 3.51659
Solana price
XRP
XRP (XRP)
$0.5470110 1.95615
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 8.52264
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.50592
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.81668
Bonk price
Bitcoin
Bitcoin (BTC)
$63,796.00 1.9421
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.40 2.29703
Ethereum price
BNB
BNB (BNB)
$571.01 1.57237
BNB price
Solana
Solana (SOL)
$157.42 3.51659
Solana price
XRP
XRP (XRP)
$0.5470110 1.95615
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 8.52264
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.50592
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.81668
Bonk price
Bitcoin
Bitcoin (BTC)
$63,796.00 1.9421
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.40 2.29703
Ethereum price
BNB
BNB (BNB)
$571.01 1.57237
BNB price
Solana
Solana (SOL)
$157.42 3.51659
Solana price
XRP
XRP (XRP)
$0.5470110 1.95615
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 8.52264
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.50592
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.81668
Bonk price

ETF hype might trigger a Bitcoin supply shock, says Decimal founder

etf-hype-might-trigger-a-bitcoin-supply-shock-says-decimal-founder
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News
ETF hype might trigger a Bitcoin supply shock, says Decimal founder

Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs.

In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts.

Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports indicating a staggering $500 million traded within the first 20 minutes.

Despite the initial trading excitement, he offers a cautionary perspective on the availability of Bitcoin to meet burgeoning demand. There might be a potential “Bitcoin supply shock” on the horizon that could result in violent price fluctuations.

Furthermore, Robinson challenges the perceived value of ETFs, asserting they offer no significant advantage over self-custody, especially for long-term holders. He predicts a bleed in positions due to fee emissions, which could span years, potentially diminishing ETFs’ attractiveness as Bitcoin adoption escalates and self-custody gains traction among institutions.

Following the SEC’s historic announcement yesterday, BTC reached $49,000 for the first time in almost two years. However, the price quickly dropped to the $46,000 zone, reflecting Henry Robinson’s forewarning of a potential supply shock.