According to Bloomberg, if approved, the U.S. spot Bitcoin ETF market has the potential to grow into a massive market worth $100 billion, according to Bloomberg Industry Research analysis.
Bloomberg analyst James Seyffart said, "We expect assets and trading volumes to concentrate around one or more spot Bitcoin ETFs because they are high-quality products for most types of investors. New funds, especially those looking to buy and hold for the long term, will be attracted to spot products, which may also be cheaper and more efficient than current futures ETFs on U.S. exchanges."
