Bloomberg: The Bitcoin Spot ETF Market Could Reach $100 Billion

WikiBit 2023-11-21 11:57

Bloomberg: The Bitcoin Spot ETF Market Could Reach $100 Billion, with Galaxy Digital Discussing Asset Allocation

According to estimates from Bloomberg Intelligence, with the participation of traditional financial giants such as BlackRock, Fidelity, and Invesco, the market size of spot Bitcoin ETFs is expected to reach $100 billion.

An insider revealed that earlier this month, Galaxy Digital held a conference call with about 300 investment professionals to discuss the configuration of spot Bitcoin ETFs as their first listing approaches.

Jeff Janson, one of those preparing for the first listing, stated that he has received consultation calls from investors of various age groups. “I feel like we're in the crosshairs of the SEC, waiting for the application to finally get approved. I believe once investors can get exposure to Bitcoin in this form, we'll see a lot of institutional interest,” Janson said in an interview. It is reported that the company he works for manages around $550 million in assets.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.