Karin Daniels
Kasuwancin ETF na Amurka, wanda aka kiyasta a kusan dala tiriliyan 8, ya dogara da manyan kamfanoni uku. Wani muhimmin sashi na wannan kasuwa, mahalarta masu izini (APs) - takamaiman nau'in dillalin dillali - sun kasance iyakance a adadi, har ma da saurin haɓaka kasuwa. Waɗannan APs suna da mahimmanci don tabbatar da ruwa da kuma aiki mai santsi na Arewacin Amurka ETFs.
Binciken Bloomberg na fiye da 3,400 asusu ya nuna cewa yawancin ETF a cikin Amurka sun mamaye ƙungiyoyi uku: Bankin Amurka, Goldman Sachs, da JPMorgan. Waɗannan APs guda uku suna sarrafa fiye da kashi 90% na ƙungiyoyin babban jari a cikin kuɗi da yawa. Abin ban sha'awa, yawancin ETFs sun dogara ne kawai akan AP ɗaya don samun kuɗi, kamar yadda sabbin cikakkun bayanai na kwata suka nuna.
Don m Bitcoin ETF tarihin farashi a 2024, wannan yanayin yana haifar da wasu haɗari. Dogaro da ƴan APs na iya haifar da haɓaka haɗari a cikin yankin Bitcoin ETF. Halin canjin yanayi na cryptocurrencies yana nufin inganci da kwanciyar hankali na waɗannan manyan kamfanoni za a sa ido sosai, musamman wajen sarrafa manyan ma'amaloli da tabbatar da ruwa.
Wannan oligopoly na APs na iya shafar farashin Bitcoin ETFs da samuwa. Muhimmiyar rawar da suke takawa wajen sarrafa kwararar kuɗi na iya yin tasiri ga waɗannan farashin ETFs da ciniki, mai yuwuwar tasiri ga masu saka hannun jari da dawo da su.
Mahimmanci, SEC na iya yin la'akari da wannan maida hankali yayin yanke shawara. Mai gudanarwa na iya kimanta larura don bambance-bambancen yanayin AP don haɓaka kasuwa mai tsayayye da aminci, musamman la'akari da fa'idodi na musamman da yuwuwar haɗarin Bitcoin ETFs.
SEC ta kasance cikin tattaunawa tare da BlackRock da sauran Bitcoin ETF masu bege kwanan nan, tare da yuwuwar yarda da ke zuwa a cikin Janairu. Kasuwancin kasuwa na yanzu ya fi yawa saboda gabatarwar da ake tsammanin Bitcoin ETFs. Duk da haka, ƙaddamarwar da ake da ita a cikin sashin ETF yana nuna cewa ya kamata al'umma su yi ƙarfin gwiwa don yuwuwar rikitarwa da ƙalubale a fagen ETFs na tushen cryptocurrency.
