- Pensioners have yet to invest in Bitcoin ETFs.
- Set-and-forget strategy will take years to play out.
- Ex-Merrill Lynch trader draws comparison with gold ETF launch.
For all the inflow records they’ve broken, the new spot Bitcoin exchange-traded funds, launched in January, have yet to show investors what they’re really capable of.
That’s because millions of people with individual retirement accounts still haven’t had the opportunity to get exposure to the products, Darius Tabai, co-founder of decentralised perpetuals exchange Vertex, told DL News.
But once they do, the floodgates will open in what he said will be a “constant uptake of physical coins.”
According to Nasra, a national trade association of national and local retirement funds in the US, public pension assets in the United States were nearly $6 trillion at the end of last year.
‘And once you get millions of people…
