David Duong, head of institutional research at Coinbase, has released his forecasting of Bitcoin ETFs in the crypto market, saying they could add billions of dollars to the total.
Not only that, Duong predicts that their approval by the U.S. SEC, is possible by the end of the year.
Coinbase: forecasting the crypto market with approved Bitcoin ETFs
In a report “Monthly Outlook: Why an ETF Matters,” David Duong, head of institutional research at Coinbase, released his predictions on Bitcoin ETFs for the crypto market.
Specifically, Duong argues that Exchange-Traded Funds (ETFs) on spot Bitcoin could add billions of dollars to the total cryptocurrency market.
Hence, for Duong, this is a big opportunity for the crypto market to attract new classes of investors as well. In that regard, here are Duong’s words:
“Spot bitcoin exchange-traded funds (ETFs) have the potential to widen crypto access to a new class of investors, including registered investment advisors (RIAs), reti
We współpracy z: https://en.cryptonomist.ch/2023/11/16/coinbase-predictions-approval-bitcoin-etf/
