Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein
New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said.
Binary trading platforms with better performance and payouts
Bitcoin ETF
New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said.
If a financial giant can’t navigate the red tape, who can?
The discount has been narrowing on hopes the SEC might soon approve a spot bitcoin ETF.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.