The enthusiasm surrounding the potential spot Bitcoin ETF products is not uniform as a recent survey published by Bitwise, one of the investment management firms in the race for the fund’s approval.
Insight into Bitwise Spot Bitcoin ETF Survey
According to the survey, less than half of the surveyed 437 financial investment advisors in the United States are optimistic that a spot Bitcoin ETF will be approved this year. In actual figures, this figure is pegged at 39%.
This finding is shocking because the current market sentiment indicates full readiness by the majority of applicants to secure approval for the exchange-traded fund application from the United States Securities and Exchange Commission (SEC). Compared to the 39% expectation, Bloomberg’s top ETF analysts, Eric Balchunas and James Seyffart have maintained the 90% approval odds issued on the Bitcoin ETF in the past year.
LESS THAN HALF OF ALL ADVISORS EXPECT A SPOT BITCOIN ETF IN 2024…
In a surprising development, only 39
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