Hedge Fund Predicts Spot Bitcoin ETF Would Attract $300B, while Bloomberg Analyst Suggest $150B

In a recent interview, Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, predicts that approving a Bitcoin spot ETF could attract an influx of $300 billion into the market.

Yusko highlights that a Bitcoin spot ETF in the US would provide a bridge for institutional investors to enter the market with confidence. He explained, "Institutional investors have been cautious about entering the crypto space due to regulatory uncertainties and concerns about custody. A spot ETF would offer them a regulated and secure way to gain exposure to Bitcoin."

Bloomberg Senior ETF analyst Eric Balchunas has a more conservative prediction, he suggests an inflow of about $150 billion will come into the market upon approval.

There is currently 10 active spot Bitcoin ETF filings, not including Grayscale's application convert its GBTC into a spot Bitcoin ETF.

Further Reading: Bitcoin Spot ETF - When will be the Approval Date

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com