Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors.
From Steam Engines to Ethereum Staking: How Insurance Enables Innovation
The crypto industry is on the precipice of mainstream adoption. But, like many exciting innovations from previous eras, this technology...
