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In the next five years, crypto funds could grow a lot. Right now, the crypto industry is like a small, informal business with $50 billion in assets. But it might become a bigger, more formal business, like a company, with as much as $650 billion in assets.One reason for this growth is the expected launch of special bitcoin investment funds (ETFs) in the U.S. These ETFs could bring more money into the crypto market.Currently, the crypto industry has about $50 billion in assets. To give you an idea, that&#39;s only 4% of the total crypto market, which is worth $1.08 trillion.Big financial companies like BlackRock have asked to create special ETFs for bitcoin. But the government agency that makes the rules, the SEC, has delayed the decision. Many people in the crypto world hope that these special ETFs will bring a lot of new money into the market.Bernstein, a financial company, thinks that many different types of people will want to invest in crypto, like advisors, banks, and regular people who use brokers. They think that about 10% of all the money in the crypto market could be in ETFs, and about 5-6% could be in crypto hedge funds.The report says that the adoption of crypto will follow a pattern, like a hockey stick. It will start slow, then grow very quickly. In 2024, there might be a big change in the rules that will allow more ETFs, which could make the crypto market even bigger.

Bernstein Predicts Crypto Funds May Handle Up to $650 Billion in 5 Years

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