Report: Bitcoin Spot ETF Approval May Help Drive New Crypto Cycle

Odaily Planet Daily News The Bernstein report stated that cryptocurrency exchange-traded funds (ETFs) not only add capital to the market by creating demand in the spot market, but also market signals for regulators to approve these products for retail and other institutions seeking legitimacy. Flow creates a growth flywheel. Crypto ETFs will benefit from a “strong brand marketing push from leading global asset managers” and a “distribution push from retail brokers and financial advisors,” the report said. Bernstein expects the bitcoin ETF spot market to be quite large, reaching 10 percent of bitcoin's market capitalization within two to three years. (CoinDesk)