Global finance research and consultancy company Bernstein shared a report that interest in Bitcoin and altcoin funds will increase. According to Bernstein analysts, the size of crypto funds currently managing around $45-50 billion could rise to over $500 billion in the next five years.
Experts shared the following comment, referring to the rapid growth of the cryptocurrency industry:
“The cryptocurrency industry has grown very quickly in its short history. “It is possible that the total value of crypto funds will reach 500-650 billion dollars in the next 5 years.”
According to the research report, connection with the traditional finance sector is of great importance for the development of the sector. For this reason, spot Bitcoin and Ethereum investment funds awaiting SEC approval in America are of great importance.
Analysts commented that trust in cryptocurrencies will increase if these products begin official operation. The fact that traditional financial companies such as BlackRock have also applied for spot ETFs has increased the possibility of a happy ending.
When Will Spot Bitcoin Funds Receive Approval?
Bernstein analysts commented on when cryptocurrency funds will receive approval. Experts predicted that although the SEC postponed spot Bitcoin ETF applications, it would receive approval by the end of this year. Authorities see a high probability of accepting spot crypto fund applications made by well-established companies.
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