https://finance.yahoo.com/news/liquidity-options-pave-way-bitcoin-142944009.html
“In total, bitcoin ETFs now hold 869k BTC, representing approximately 4% of the circulating bitcoin supply.”
4% is significant. That’s over 50 billion USD. It is certainly a viable way to get into crypto, so when the next bull run comes, the not-so-web3-ready investors will be able to easily get involved.
But generally, ETH is down from its 4k high a few months ago, currently at around 2.6k. ETH will play an essential part of the real world asset tokenisation phase. Don’t expect BTC to be smart contract ready any time soon.
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