Coinspeaker
Bernstein Research: Bitcoin Spot ETF Approval by January 10 Next Looks Highly Likely
With the United States controlling approximately 25 percent of global economic activities, the country’s decisions on the cryptocurrency market are closely monitored by investors from all over the world. Specifically, the decision on the spot Bitcoin exchange-traded funds (ETFs) is on every crypto investor’s watchlist amid the mainstream adoption of digital assets. Furthermore, the spot Bitcoin ETF will open floodgates for institutional funds seeking to hedge against high fiat inflation. Additionally, Bitcoin has proved to be a better investment vehicle than traditional instruments like precious metals, treasury bonds, and stock market indexes.
Why Bet on Bitcoin Spot ETF Soon
According to a memo from Bernstein Research, an independent research arm owned by the global asset management firm AllianceBernstein, the probability of a spot Bitcoin ETF approval by January 10 has significantly
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