Senior ETF analyst for Bloomberg Eric Balchunas believes the BTC ETF will be approved. He anticipates leaks and chatter before the actual decision, tweeting:
That said, we going to see leaks/chatter that SEC has verbally approved over next 72hrs, which is true. And we’ll see 19b-4s refiled which you could argue means we home free. But not 100% official till SEC says it.
Cryptocurrency analyst Scott Melker stated that he has heard that issuers already know that the ETFs are being approved, and issuers are aware of this and preparing.
Caitlin Cook presents a very interesting thread. She suggests that even though crypto enthusiasts are bullish about the potential of the ETF approval, they are still drastically underestimating the long-term effect it may have.
The Registered Investment Advisory industry manages $114 trillion in assets. Many individuals globally seek a modest crypto allocation for potential upside, viewing it as a volatile but enticing segment of their portfolio.
Despite crypto enthusiasts different perspectives, most investors desire a simple, set and forget approach. While some may find crypto ETFs mundane, they bring meaningful participants, marking just the beginning of a broader trend.
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