Key Points
- Bitcoin ETFs are changing the structure of the global Bitcoin market.
- Flowdesk executives believe these ETFs will continue to attract investments for many years.
Bitcoin Exchange Traded Funds (ETFs) are significantly transforming the global Bitcoin market landscape, as per insights from trading executives.
Insights from Flowdesk Executives
Reed Werbitt, the CEO of crypto market-making firm Flowdesk, and Greg Guttas, the Head of Over-the-Counter (OTC) at Flowdesk, shared their viewpoints on this matter.
They believe that the emergence of spot Bitcoin ETFs is altering the market structures across various aspects of the global Bitcoin market.
Long-Term Impact of Bitcoin ETFs
According to these executives, these products are likely to continue attracting inflows for many years to come.
This view is based on their insider perspectives and extensive experience in the crypto market.
In a notable development, Flowdesk had earlier raised $50 million in a Series B funding round, bringing its valuation to $250 million.
This event underscores the firm’s significant role in the crypto market, especially in the context of the ongoing evolution of Bitcoin ETFs.
