Galaxy Digital: Spot Bitcoin ETFs Will See Great Inflows
According to analysts at Galaxy Digital, the expected inflow into the spot Bitcoin ETF in its first year after launch will be $14 billion, followed by $27 billion in the second year and $39 billion in the third year.
These estimates are based on their calculations as of September 30, which showed that there were 841,637 BTC, equivalent to approximately $21.69 billion, in Bitcoin products.
The experts highlighted the advantages of a digital gold spot ETF compared to current options, such as greater efficiency through lower fees, higher liquidity, and accurate price tracking.
Additionally, they noted the convenience of access through multiple channels and platforms, as well as the potential for reduced volatility due to compliance with regulatory requirements.
The experts also predicted that a spot Bitcoin ETF could further increase the popularization of the asset.
This is due to its expanded accessibility for individuals of all wealth categories and official recognition by regulators and major players in the financial services industry.
As of October 2023, the total assets held by broker-dealers, banks, and RIAs amounted to $48.3 trillion. However, the analysts did not include the $2 trillion held by the family office industry and the performance of foreign firms in this indicator of the potential market size (TAM).
