According to CoinDesk, brokerage firm Bernstein released a report saying that the Bitcoin ETF spot market is expected to reach 10% of Bitcoin's market value within two to three years. The report stated that cryptocurrency ETFs will benefit from "strong brand marketing by leading global asset management companies" and "distribution by retail brokers and financial advisors." New capital for the new crypto cycle will come from new stablecoin supplies, tokenization of traditional assets, tokenization of native crypto infrastructure, and ETFs.
The report added that on-chain assets have remained in the $40 billion range this year, with about $120 billion in stablecoins in circulation.
