Benzinga- Matt Kunke is a research analyst for GSR Markets – a leading company providing liquidity, trading and risk management solutions for crypto markets.
Kunke is a passionate crypto analyst, supporting GSR’s products and services while providing valuable insights to notable Web3 media outlets like CoinDesk.
Prior to GSR, Kunke was a research analyst for Global X ETFs and worked for household finance institutions such as JPMorgan and Credit Suisse. Interestingly, he started his career as an intern on the trading floor of the New York Stock Exchange, before moving to the Web 3 space. He is a CFA holder and graduated from Portland State University.
Kunke will be among the DeFi professionals attending Benzinga’s exclusive Future of Digital Assets event on November 14 in New York.
He will discuss the topic titled “Harnessing Blockchain Data and Market Insights for Informed Digital Decision Making,” expanding on the latest ways of making strategic decisions in the Web 3 space.
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With institutional adoption and Bitcoin (CRYPTO:BTC) ETF currently in the spotlight, Kunke recently co-authored an article explaining why it’s so important.
“A US spot Bitcoin ETF represents a huge opportunity due to the sheer size of the US capital markets. In fact, SIFMA estimates that the United States accounts for 40% of total global bond assets and stock market capitalization. “The United States represents a higher percentage of total assets than other jurisdictions, accounting for 7% of equity and fixed income assets compared to 4% in Europe and 2% in Asia-Pacific,” he said. co-written for CoinDesk.
With an estimated $50 trillion in assets by banks, brokers, and registered investment advisors, in percentage terms, it wouldn’t take much to move the price of Bitcoin.
A US spot Bitcoin ETF is undoubtedly the next step in BTC legitimacy, as it resolves many existing obstacles.
While critics point to the existence of Bitcoin futures ETFs, Kunke addresses the downsides of futures-based construction – particularly regarding the tax inefficiencies, tracking errors, and rolling costs that make them inappropriate for buy and hold strategies.
Yet an ETF veteran Matt Hougan recently warned investors to “moderate their expectations for spot Bitcoin ETFs,” pointing to previous experiences and the launch of the first gold ETF in 2004.
For the chance to hear top Web 3 pros like Kunke and Hougan discuss the latest topics in digital assets – Join Benzinga’s Future of Digital Assets in New York on November 14, 2023. Tickets are Flying – buy yours!
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