{"id":183830,"date":"2023-11-20T15:40:22","date_gmt":"2023-11-20T15:40:22","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183830"},"modified":"2023-11-20T15:40:22","modified_gmt":"2023-11-20T15:40:22","slug":"spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/","title":{"rendered":"Spot Bitcoin ETF Market Could Reach $100 Billion: Bloomberg &#8211; Coinpedia Fintech News"},"content":{"rendered":"<ul>\n<li>\n<p><span>Bitcoin ETFs could soon make their mark on Wall Street, potentially creating a $100 billion industry.<\/span><\/p>\n<\/li>\n<li>\n<p><span>There is newfound optimism that the SEC might finally approve Bitcoin ETFs.<\/span><\/p>\n<\/li>\n<li>\n<p><span>Financial advisors are already fielding questions about Bitcoin ETFs.<\/span><\/p>\n<\/li>\n<\/ul>\n<p>In a potential game-changer for the cryptocurrency world, Bitcoin exchange-traded funds (ETFs) might soon make their mark on Wall Street.<\/p>\n<p>Bloomberg Intelligence suggests that a Bitcoin spot ETF could create a whopping $100 billion industry. This has caught the attention of big financial players like BlackRock, Fidelity, and Invesco, all eagerly awaiting approval from the Securities and Exchange Commission (SEC).<\/p>\n<h2>Building Momentum<\/h2>\n<p>A recent conference call, led by Galaxy Digital in partnership with Invesco, drew in 300 investment professionals. The topic? Getting ready for the launch of a Bitcoin spot ETF, a move that could reshape the digital currency scene.<\/p>\n<p>The excitement is fueled by the belief that soon, wealth managers and financial advisors might start putting a bit of their trillion-dollar portfolios into Bitcoin.<\/p>\n<p>Also Read: BTC Price Might Hit $81K Amidst Bitcoin ETF Approval \u2013 Predicts Coinshare Research Head<\/p>\n<h4>Long-Awaited Breakthrough?<\/h4>\n<p>After facing rejections for years, there&#8217;s newfound optimism that the SEC might finally give the green light to Bitcoin ETFs. If this happens, likely by mid-January or next month, these funds could operate efficiently with the tax benefits and cost-effectiveness of ETFs. This could be a turning point for crypto, especially after the industry faced a setback with the FTX collapse.<\/p>\n<h2>Bitcoin ETFs in the Spotlight<\/h2>\n<p>Following the FTX incident, interest in crypto took a hit, but the potential launch of Bitcoin ETFs could bring back the excitement. Financial advisors like Jeff Janson from Summit Wealth, managing $550 million, and Chuck Cumello at Essex Financial are already fielding questions about Bitcoin ETFs.<\/p>\n<p>These products, with ticker names like IBTC and BTCO, are expected to attract both advisory markets and high-net-worth individuals.<\/p>\n<h2>Enthusiastic or Cautious?<\/h2>\n<p>Despite the excitement, there&#8217;s still a sense of caution. Traditional investments are looking more attractive due to recent stock market surges. Yet, advocates like Coinbase argue that Bitcoin ETFs could bring much-needed stability to the crypto world, offering transparency and liquidity that could open up new opportunities for lending and derivatives trading.<\/p>\n<p>Read More: Bitcoin ETF Approval Could Bring Crypto to 401(k) Plans, Says Horowitz<\/p>\n<p>The crypto community eagerly awaits what could be a new era on Wall Street.<\/p>\n<p>Source: <a href=\"https:\/\/coinpedia.org\/news\/https:\/\/coinpedia.org\/news\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-predicts\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin ETFs could soon make their mark<\/p>\n","protected":false},"author":3,"featured_media":183829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spot Bitcoin ETF Market Could Reach $100 Billion: Bloomberg - Coinpedia Fintech News - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETF Market Could Reach $100 Billion: Bloomberg - Coinpedia Fintech News - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin ETFs could soon make their mark\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T15:40:22+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/11\/Spot-Bitcoin-ETF-Market-Could-Reach-100-Billion-Bloomberg-Coinpedia-Fintech-News.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/\",\"name\":\"Spot Bitcoin ETF Market Could Reach $100 Billion: Bloomberg - Coinpedia Fintech News - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2023-11-20T15:40:22+00:00\",\"dateModified\":\"2023-11-20T15:40:22+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/spot-bitcoin-etf-market-could-reach-100-billion-bloomberg-coinpedia-fintech-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Spot Bitcoin ETF Market Could Reach $100 Billion: Bloomberg &#8211; 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