Spot Bitcoin ETF Approval Has 88% Of Advisors Waiting To Invest
Key Points:
Conducted from October 20 to December 18, the survey showcased key findings:
Over 400 financial advisors, including registered investment advisors, broker-dealer representatives, financial planners, and wirehouse representatives, participated in the survey.
The spotlight is on the anticipation of a spot bitcoin ETF, potentially bringing $1 billion in cash flow in the near term, according to James Butterfill, CoinShares’s Head of Research. Major ETF players, BlackRock and Fidelity, made a final push for spot Bitcoin ETF approval, filing amended registration forms with the SEC in late December, with Jane Street Capital and JPMorgan Securities LLC as authorized participants.
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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