Is Bitcoin about to explode? All eyes are on the potential approval of a Bitcoin spot exchange-traded fund (ETF). But what do the professionals think? A groundbreaking survey reveals that a staggering 88% of U.S. financial advisors intend to invest in Bitcoin (BTC) after the approval of spot Bitcoin ETFs. This marks it as a pivotal moment for the crypto market.
Why Are Financial Advisors Waiting for a Bitcoin ETF?
For many financial advisors, a spot Bitcoin ETF represents a crucial regulatory hurdle cleared. This would provide their clients with a more accessible and regulated way to gain exposure to Bitcoin. Recent insights by Bitwise further solidify this trend, indicating a considerable majority of US financial advisors show interest in buying Bitcoin $42,260 -0.64% (BTC) following the launch of such ETFs.
Bitcoin ETF Approval: When Will It Happen?
While excitement is high, not everyone is convinced an ETF is imminent. According to a survey from ETF issuer Bitwise published on Jan. 4, only 39% of U.S.-based financial advisers believe a Bitcoin ETF will be approved this year. Just 39% of financial professionals surveyed by Bitwise and VettaFi believe a spot bitcoin ETF will be approved in 2025, according to a Thursday survey. Around 88% of advisors are interested in purchasing Bitcoin and are waiting until after a spot Bitcoin ETF is approved. This marks it as a catalyst for the Bitcoin market.
In the midst of widespread anticipation surrounding the potential approval of a Bitcoin spot exchange-traded fund (ETF), numerous financial advisors in the United States, showing a 88% of U.S. financial advisors intend to invest in Bitcoin (BTC) after the approval of spot Bitcoin ETFs. Only 39% of advisors anticipate the approval of a spot Bitcoin ETF in 2025. Spot Bitcoin is poised for significant growth, fueled by institutional adoption.
The fact that such a large percentage – 88% of U.S. financial advisors intend to invest in Bitcoin (BTC) after the approval of spot Bitcoin ETFs – are waiting on the sidelines highlights the pent-up demand for a regulated Bitcoin investment product. The approval of a Bitcoin ETF would likely unleash a wave of new capital into the crypto market. Nearly half of the…