๐Hold on to your hats, folks! A whopping $30 trillion could flood the Bitcoin market if the SEC approves a Bitcoin spot ETF, says Bloomberg ETF analyst Eric Balchunas.๐ฐ๐
This comes as big names like Blackrock, ARK Investment, Valkyrie, and Fidelity all file for their own Bitcoin ETFs.๐ข๐
Why the sudden optimism? Balchunas says Blackrock (world's largest asset manager) joining the fray boosts the chances of approval from 1% to 50%: "They clearly see something out there."๐๐
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