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The post <a rel="nofollow" href="https://coinpedia.org/news/bernstein-research-say-crypto-asset-management-industry-to-hit-650b-in-5-years-from-50b/">Crypto Asset Management Sector Set for $650 Billion Surge in 5 Years: Bernstein Research</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto asset management sector is on the brink of remarkable expansion, with projections hinting at a potential surge to $650 billion within the next five years, a staggering leap from its current valuation of $50 billion. 
Just goes to show just how fast the crypto markets can change up! 
<h2 class="wp-block-heading" id="h-bernstein-research-forecasts-growth">Bernstein Research Forecasts Growth!</h2> 
<a href="https://www.barrons.com/articles/crypto-bitcoin-etf-sec-regulation-a3df431?siteid=yhoof2">Bernstein Research</a> analysts, spearheaded by Gautam Chhugani, have unveiled a dazzling growth trajectory for crypto funds, envisioning an ascent to an impressive $500 billion to $650 billion over the next half-decade. This represents a remarkable departure from the current valuation, which hovers around the $50 billion mark. 
Here’s why… 
The experts at Bernstein Research have identified several pivotal reasons for this seismic shift. One of the primary catalysts is the potential approval of a <a href="https://coinpedia.org/news/crypto-industry-awaits-secs-verdict-on-u-s-spot-bitcoin-etfs/">spot Bitcoin ETF</a>. This is especially after last month, a court in the United States said the SEC should reconsider their <a href="https://coinpedia.org/news/gbtc-shares-skyrocket-by-17-following-favorable-grayscale-court-decision/">decision to say</a> “no” to a spot Bitcoin ETF from <a href="https://coinpedia.org/news/grayscale-investments-triumphs-in-landmark-legal-battle-against-sec-paving-the-way-for-crypto-etfs/">Grayscale</a>. 
The court said it doesn’t make sense for the SEC to allow one kind of Bitcoin ETF but not another. The SEC has until mid-October to say if they agree or disagree. This is also when they decide if other companies can make their own Bitcoin products. 
Also Read: <a href="https://coinpedia.org/news/bitcoin-etf-update-top-6-reasons-why-blackrock-spot-etf-approval-is-imminent/">Top 6 Reasons Why BlackRock’s Spot Bitcoin ETF Approval is Close</a> 
<h2 class="wp-block-heading" id="bitcoin-funds-in-the-markets">Bitcoin Funds in the Markets?!</h2> 
Should the SEC grant approval, industry insiders anticipate the emergence of Bitcoin funds as early as next year. These funds have the potential to represent approximately 10% of the total Bitcoin and Ether holdings, another notable cryptocurrency. 
It’s not just Grayscale; big companies are getting involved too. names like BlackRock, Fidelity, WisdomTree, and Invesco have asked permission to make their own Bitcoin ETFs, showing that big businesses are interested in crypto. This extends beyond Bitcoin too. Some companies are contemplating products related to Ethereum, another cryptocurrency with significant potential. 
Read More: <a href="https://coinpedia.org/news/ripples-proper-party-and-gary-genslers-hearing-a-pivotal-week-for-the-crypto-market/">Top 3 Events to Watch This Week: Could Bitcoin’s Price Breakout Soon?</a> 
PayPal, the company you might use for online payments, has <a href="https://coinpedia.org/news/us-lawmaker-expresses-major-concerns-with-paypal-stablecoin-launch/">launched</a> called PYUSD a stablecoin, which is like a digital dollar. And Visa, the company known for credit cards, is testing a way to let you pay for crypto stuff with regular money. 
The future of crypto asset management looks pretty exciting, with a chance to be worth $650 billion in just five years.

Crypto Asset Management Sector Set for $650 Billion Surge in 5 Years: Bernstein Research

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