ETF analysts at Bloomberg Intelligence raised their estimates for the approval and launch of at least one spot $BTC exchange-traded fund in the U.S. this year. HeleneBraunn reports
ETF analysts at Bloomberg Intelligence raised their estimates for the launch of a U.S. spot bitcoin exchange-traded fund to 65% from 50%.
ETF analysts at Bloomberg Intelligence raised their estimates for the approval and launch of at least one spot bitcoin exchange-traded fund in the U.S. this year. Several major institutions, among them BlackRock, Fidelity, WisdomTree and Valkyrie, have in recent monthsto make investing in bitcoin more accessible. While the Securities and Exchange Commission has in the past rejected such applications, many experts say there is a good chance that at least some of the applications will get approved, especially that of BlackRock, which has rarely been denied an ETF application in the past.
“The deflection seemed a change in the way he normally handles these topics,” the note said, pointing out that while there are five members, the chair has far more control and it would be unusual if the two other Democratic commissioners were to make a different decision. “We believe this may be a signal that aspects of the anti-crypto stance are becoming politically untenable for Gensler.”
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