Key Points:
In a recent research report, the bank anticipates significant growth for the Bitcoin Spot ETF market within the next two to three years.
Following a favorable ruling last month in a lawsuit against the US Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust (GBTC) – managed by Grayscale, a key player in the cryptocurrency industry – secured a second landmark victory. This victory has paved the way for potential developments in the cryptocurrency ETF landscape.
The report highlights that the initiation of approval dates for the ETF‘s first review could commence as early as the following week, extending into early 2024 for a comprehensive SEC review. The unfolding legal and regulatory landscape has set the stage for potential breakthroughs in the realm of cryptocurrency investment vehicles.
Building on this outlook, Bernstein maintains a positive projection for the Bitcoin ETF spot market. The report suggests that this market could grow to encompass an impressive 10% of Bitcoin’s overall market capitalization within the span of two to three years. This projection underlines the growing potential for mainstream financial adoption of cryptocurrency-related investment instruments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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