Bitcoin ETF

Bitcoin

Coin

<ul class="news-points"> 
 <li>Analyst predicts Bitcoin ETF approval could attract $570 billion from registered investment advisors.</li> 
 <li>88% of advisors were reportedly waiting for a spot ETF to offer Bitcoin exposure to clients, according to Melker.</li> 
 <li>Investment adviser Rick Ferri counters Melker’s projections, calling them “overblown.”</li> 
</ul> 
Bitcoin and cryptocurrency advocate Scott Melker recently suggested that if only 0.5% of the total assets managed by registered investment advisors (RIAs) were invested in a Bitcoin ETF, it would equate to $570 billion. 
Melker <a href="https://twitter.com/scottmelker/status/1743987372918772200?s=20" target="_blank" rel="nofollow">highlighted</a> that RIAs collectively oversee $114 trillion in assets, underscoring that Bitcoin’s total market capitalization currently stands at $860 billion. 
Moreover, the crypto analyst claimed that 88% of RIAs said they were waiting for a spot ETF to offer any exposure to clients to Bitcoin. However, investment adviser Rick Ferri contested Melker’s expectations, deeming them “overblown.” 
Ferri, drawing on his 35 years of advisory experience, <a href="https://x.com/Rick_Ferri/status/1744183368756211939?s=20" target="_blank" rel="nofollow">questioned</a> the belief that advisers would rush to embrace a Bitcoin ETF once offered by Wall Street. He argued, “If an adviser really wanted BTC, they would already own it through GBTC.” 
Mel…
The post <a href="https://coinedition.com/crypto-advocate-foresees-570b-bitcoin-inflow-post-etf-approval/">Crypto Advocate Foresees $570B Bitcoin Inflow Post ETF Approval</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Advocate Foresees $570B Bitcoin Inflow Post ETF Approval

Coin Edition

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