$100,000,000,000 in TradFi Money Waiting for Bitcoin ETF Approval, Says Bloomberg Intelligence Analysts
The market for a spot Bitcoin (BTC) exchange-traded fund (ETF) could quickly turn into a “$100 billion juggernaut,” according to new estimates from Bloomberg Intelligence. Investment giant Galaxy Digital reportedly held a call earlier this month with roughly 300 investment professionals regarding allocating capital to BTC ahead of the expected ETF debut. Jeff Janson of...