Tom Lee: The cryptocurrency market is too small, and the ETF is simply not working.

According to Bloomberg News, Tom Lee, founder of digital currency analysis agency Fundstrate, said that the $200 billion cryptocurrency market is too small for an exchange-traded fund (ETF) to work. The US SEC has yet to approve ETFs related to cryptocurrencies, but Lee does not consider this a bad thing. He pointed out that the demand for large funds launched in the United States in the first year may be around $13 billion. He estimates that Bitcoin needs about $150,000 to meet the daily needs of the ETF.