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Bitwise’s ‘Bitcoin company’ ETF could set the trend for 2025 – Details
The next 12 months of Bitcoin’s price trajectory will be shaped by a few crucial factors, and Bitwise’s latest filing has potentially set the tone for what is to come. The company has reportedly filed for a Bitcoin standard corporation or company ETF.
Key details about the proposed ETF include investing in companies that hold a substantial amount of Bitcoin, with a minimum threshold of 1,000 BTC per entity. Other stipulations include a market capitalization requirement of at least $100 million and over $1 million in daily liquidity. Furthermore, private stock holdings should not exceed 10%.
The significance of this development lies in the fact that it underscores the rapid increase of institutional adoption for Bitcoin. As these companies hold substantial amounts of the cryptocurrency, they may find themselves more appealing to investors, thus encouraging increased institutional liquidity.
The ETF’s focus on investing in firms that own a considerable amount of Bitcoin could have far-reaching implications for the overall market and public perception towards the currency. The trend is set to create a ripple effect, with more companies potentially embracing Bitcoin as an investment option.
ETF inflows take a sudden turn
Bitcoin ETFs witnessed a healthy upsurge at the beginning of the month before plummeting into negative territory during the festive season. Flows turned positive once again on Boxing Day, resulting in a staggering $475.2 million in inflows. This shift could signal a renewed interest in Bitcoin and its associated ETFs.
Data from Fidelity and Ark Invest played a significant role in this turnaround. The companies contributed significantly to the increased demand for ETFs during this period.
Miner reserve data provides crucial insights
It is essential to consider miner reserves, which have been in a state of decline over the past six days. However, there has been an upward shift in the last 24 hours, indicating that selling pressure may have already run its course and paving the way for a renewed demand resurgence.
In conclusion, Bitwise’s proposed ETF offers a glimpse into the future of institutional adoption and public perception towards Bitcoin. As more companies are encouraged to hold substantial amounts of cryptocurrency, it will be fascinating to see how this plays out in 2025.
Source: eng.ambcrypto.com
