MV Capital CIO and partner Tom Dunleavy weighs in on the advantage of U.S.-based spot bitcoin exchange-traded fund (ETF) in comparison to existing ETFs in other countries.
The US markets will are are certainly the biggest in the world. The biggest equity markets in the world and the biggest were the biggest consumers in the world by a very large margin, right? I think the only ones that I know of that are approved are in Canada or Europe, which are uh if you just compare the equity sizes of uh the, the, the US and and and those investors are are meaningfully different. I would also say the risk appetite of the US investor is traditionally much higher than other countries. So I think people want exposure to this. Um they just need a a reasonable way to do it um without having to go to numerous venues, jump through too many hoops and um and really just get that regulatory stamp of approval, right? Like if, if these things are finally sanctioned and investors understand that they're under sec mandates and they don't have that regulatory risk of um you know, overhang, right? There's going to be a much more meaningful um reason to allocate to deposition to, to Bitcoin or others.