Bitcoin

Billion

Spot

Research firm Bernstein says the cryptocurrency asset management industry is poised for a major expansion, potentially reaching $650 billion, with spot Bitcoin ETFs at the forefront.
Bernstein analyst Gautam Chhugani predicts that the ongoing bull run will push assets under management (AUM) of spot Bitcoin ETFs to over $300 billion by 2025, a significant jump from today's $48 billion. He predicts that spot Bitcoin ETFs will eventually account for 10% of BTC's total value.
Today, BTC price managed to surpass its all-time high of $69,000 on Binance Futures.
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Bernstein notes that the success of spot Bitcoin ETFs is expected to make crypto asset management a strategic priority for leading asset managers and encourage them to collaborate with regulators to develop new products.
Chhugani wrote:
<blockquote>
 “We expect more participants who become aware of the commercial opportunity to convert from crypto skeptics to potential adopters.”
</blockquote>
Chhugani predicts that the entire financial market ecosystem, including brokerage firms, custodians, Registered Investment Advisors (RIAs), and private banks, will start participating in Bitcoin.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bernstein-estimates-a-remarkable-650-billion-for-bitcoin-spot-etfs/" rel="noopener noreferrer nofollow">Bernstein Estimates a Remarkable $ 650 Billion for Bitcoin Spot ETFs</a>

Bernstein Estimates a Remarkable $ 650 Billion for Bitcoin Spot ETFs

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