Summary
TLDR: The Bitcoin halving is approaching, reducing rewards to 3.125 BTC per block. BitGo CEO discusses ETFs and market environment ahead of halving. Institutions not fully embracing ETFs yet, mainly retail demand. Halving marks a milestone in building trust in Bitcoin’s original plan and distribution schedule.
Key Points
1. The Bitcoin halving is expected to occur at the end of the week, reducing rewards to 3.125 BTC per block from 6.25.
2. BitGo CEO Mike Belshe discussed the impact of the halving on the market environment and the launch of bitcoin ETFs in an interview with Blockworks.
3. The approval of bitcoin ETFs has opened up the asset class to retail clients and small hedge funds, with institutional demand expected to increase in the future.