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<ul class="news-points"> 
 <li>88% of U.S. financial advisors intend to invest in Bitcoin (BTC) after the approval of spot Bitcoin ETFs.</li> 
 <li>Only 39% of advisors anticipate the approval of a spot Bitcoin ETF in 2024.</li> 
 <li>Spot Bitcoin ETF approval is seen as a catalyst for increased crypto adoption in client portfolios.</li> 
</ul> 
Amid the anticipations of a Bitcoin spot ETF approval, several financial advisors interested in Bitcoin (BTC) across the United States expressed a cautious stance in the crypto market. A recent survey shows that 88% of advisors intend to invest in BTC, but only after the approval of spot Bitcoin exchange-traded funds (ETFs). The sixth annual “Bitwise/VettaFi 2024 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets” <a href="https://bitwiseinvestments.com/crypto-market-insights/the-bitwise-vettafi-2024-benchmark-survey" target="_blank" rel="nofollow">revealed</a> that despite the growing enthusiasm for cryptocurrencies among clients, a significant number of financial advisors remain cautious. 
Notably, only 39% of advisors anticipate the approval of a spot Bitcoin ETF in 2024. This is in stark contrast to the bullish sentiment of ETF analysts who estimate a 90% likelihood of approval in January. James Seyffart, for instance, <a href="https://twitter.com/JSeyff/status/1743050302050210187" target="_blank" rel="nofollow">expects</a> Bitcoin ETF approvals by January 8-10. 
The post <a href="https://coinedition.com/bitcoin-spot-etf-approval-has-88-of-financial-advisors-waiting-to-invest/">Bitcoin Spot ETF Approval Has 88% of Financial Advisors Waiting To Invest</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Spot ETF Approval Has 88% of Financial Advisors Waiting To Invest

Coin Edition

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