Bloomberg: The spot Bitcoin ETF market may reach US$100 billion, and institutions such as Galaxy Digital are already discussing allocation matters
2023-11-20 12:20
Odaily News According to Bloomberg Intelligence estimates, with the participation of traditional financial giants such as BlackRock, Fidelity and Invesco, the size of the spot Bitcoin ETF market is expected to reach US$100 billion. Galaxy Digital held a conference call with about 300 investment professionals earlier this month to discuss allocations for a spot Bitcoin ETF as it approaches its debut, a person familiar with the matter said. Jeff Janson, one of those preparing for the IPO, said the wealth adviser has fielded calls from investors of all ages. “I feel like we are now staring down the SEC’s gun as we await final approval of the application. I believe that once investors are able to gain exposure to Bitcoin in this form, we will see a significant amount of institutional interest.” Janson said in an interview. It is reported that the company he works for manages approximately US$550 million in assets. (Bloomberg)
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