বিটকয়ন ইইটিএফ অনুমতি

বিটকয়েন ETF: শব্দের पीछे真實সঙ্কেত

SEC-এর BTC ETF-এর физical redemption-এরপ্রতি অধিকৃষণা প্রভাব শুধু আখ্যা নয়—এটি ডেটা- চালিত।BlackRock, Fidelity ও অন্যানা আবদল পড়ছে, যা শুধু তরলিটি demand করছে; to-demand auditable, on-chain collateral।Hester Peirce-এর current remarks- evidence demonstrate: business mechanism—অসময়, hype- nay; custody-infrastructure- fiduciary-standard- poore। This-is-not-speculation—it’s-capital-efficiency.

GENIUS Act: A Regulatory Fault Line

Congress GENIUS Act-এ bhagabahar—tether- rivive-model-kheu cash-or-short-term-us-treasuries-backing-nay. That’s innovation—not regulation by proxy. If Tether must file annual audits under BaFin-level scrutiny, its $150B market cap becomes liability—not asset. This isn’t about control; it’s about systemic risk.

DeFi Meets RWA: The Quiet Revolution

Grove secured \(1B to tokenize commercial real estate debt via Centrifuge. Ethena Labs settled USDe redemption with BaFin—a quiet but pivotal precedent. Crypto.com Custody now carries \)120M in crime insurance from Aon—this isn’t security theater; it’s risk transfer at scale.

The Bigger Picture: Demand Still Strong

BTC inflow/outflow ratio remains elevated—same as late 2023 peaks. NEAR community voted to cut inflation from 5% to 2.5%. Kraken earned MiCA license across EU—compliance isn’t optional anymore. This isn’t a bull market echo chamber—it’s an institutional reallocation of capital into digital primitives.