The Daily Hodl
2023-11-20 19:05:54

$100,000,000,000 in TradFi Money Waiting for Bitcoin ETF Approval, Says Bloomberg Intelligence Analysts

The market for a spot Bitcoin (BTC) exchange-traded fund (ETF) could quickly turn into a “$100 billion juggernaut,” according to new estimates from Bloomberg Intelligence. Investment giant Galaxy Digital reportedly held a call earlier this month with roughly 300 investment professionals regarding allocating capital to BTC ahead of the expected ETF debut. Jeff Janson of The post $100,000,000,000 in TradFi Money Waiting for Bitcoin ETF Approval, Says Bloomberg Intelligence Analysts appeared first on The Daily Hodl .

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