Bernstein: The spot Bitcoin ETF is expected to be approved between mid-October and mid-March next year, and crypto ETFs will expand to various digital assets

2023-09-04 18:30:30

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ChainCatcher news, according to the latest report from the analysis firm Bernstein, its analysts believe that the opportunities for crypto ETFs will not be limited to Bitcoin (BTC) but will expand to various crypto assets.

The report states that the crypto industry is expected to launch the first spot Bitcoin ETF sometime between mid-October and mid-March next year, while approving all spot ETF applications, including those from Grayscale. Given that ETH also has a market structure similar to that of the CME futures market and the spot market, the first Ethereum (ETH) spot ETF may be launched immediately after the Bitcoin ETF.

Analysts indicate that the asset management industry expects ETH to not only be limited to BTC and ETH but also to expand to include other top blockchain sectors such as Solana and Polygon, and even leading decentralized finance (DeFi) asset ETFs. This presents a huge business opportunity for the asset management industry to generate substantial fee income in emerging asset classes.

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