Bernstein's report suggests rising optimism for a US spot BitcoinETF, potentially capturing 10% of the cryptocurrency's market value
Such a fund, many believe, could bolster institutional Bitcoin investments and subsequently elevate its price. Yet, not everyone shares this sentiment., prominent trader Peter Brandt predicts the impact of a Bitcoin ETF will be negligible, contrary to dominant industry perspectives.
Amid the heightened interest, regulatory hurdles persist. The SEC has historically rejected Bitcoin ETF applications, citing inadequate measures against fraud and manipulation on crypto trading platforms. However, there seems to be a shift as recent applications have included new provisions aimed at addressing these concerns.
Matrixport, a crypto services provider, presented a more bullish forecast in a recent report, expecting the SEC to greenlight several spot Bitcoin ETFs in succession, potentially propelling the next Bitcoin rally. They stress the significant marketing investment ETF providers are likely to deploy in order to pull in both retail and institutional capital.
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