Posted 10/25/2023, 6:31:00 AM
Spot Bitcoin ETFs Could See Billions in Inflows, Bring Mainstream Exposure If Approved by SEC
- Spot bitcoin ETFs could attract $14.4B in first year inflows, per Galaxy Digital research note
- ETFs may be better investment vehicle than current products like trusts and futures
- Inflows could reach $27B in year 2 and $39B in year 3
- ETFs would enable bitcoin exposure via regulated partners like traditional funds and banks
- 12 spot bitcoin ETF applications are currently under consideration by the SEC
