đąđ Exciting News from Bernstein via Blockworks! đ
đ According to Bernstein's research note, they're keeping a close eye on the potential approval of a Bitcoin spot-based ETF, possibly launching in early 2024.
đŒ Analysts anticipate a major shift in the crypto fund management industry, growing from around $45-50 billion in assets to a whopping $500-650 billion in the next five years.
đ With crypto fund regulations entering the picture, Bitcoin investments are set to become more accessible, attracting interest from investment advisors, banks, brokers, and more.
đŒ Recent SEC scrutiny on Bitcoin ETFs might lead to a "compromise" rather than outright rejection.
đ Exciting times ahead for crypto investment!
#CryptoETF #Bitcoin #Regulation #BitcoinWorld đđ