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In a research report, Bernstein analysts stated that the current size of the cryptocurrency fund management industry is approximately $450-500 billion, and its assets under management have the potential to exceed $5 trillion in the next five years. The analysts noted that the demand will come from investment advisors, wealth and private banking products, as well as the ability to easily access Bitcoin ETFs in direct brokerage accounts. They believe that the chances of approval for a spot Bitcoin ETF in early 2024 have significantly increased. The analysts suggest that the SEC will not "manufacture another reason to reject" but will instead take a "middle road" by accepting the supervisory sharing agreements with Coinbase, as these proposals come from traditional fund managers and involve agreements with regulated exchanges like Nasdaq. |
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Post time 28-9-2023 09:42:41
Post time 28-9-2023 14:02:02