Shock Revelations: New Bitcoin analysis from Bernstein: It could be $ 150 thousand ETF approval is very close A new report from digital asset investment company Coinshares shows that the expectation of spot bitcoin exchange traded fund (ETF) approval has triggered more investments and recently $ 326 million has flowed into the digital asset sector. which is the largest recorded entry since 2022.

In fact, $296 million or 90% of the capital flow went to Bitcoin funds, which was largely triggered by the increase in confidence and the recovery around Bitcoin, given the possibility of major Wall Street financial institutions offering a spot Bitcoin ETF in 2024. Most importantly, optimism about Bitcoin seems to be catalyzing crypto investment, especially a BlackRock offering.

According to Coinshares, the latest inflows constitute the largest increase in the crypto investment products space since July 2022.

In October, a large number of financial institutions, including BlackRock, Fidelity and ARK Invest, were seen making changes to Bitcoin ETF applications, indicating that companies are getting closer to getting a green light from regulators. Dec. December. Grayscale has also increased Sunday enthusiasm around these products by changing the Bitcoin Trust Shares (GBTC) application to convert them into etfs.

According to the CoinShares report, the main providers of cryptocurrency flow came from Grayscale Investments, which followed the spot crypto etf after the US Securities and Exchange Commission (SEC) refused to appeal a decision in favor of Grayscale.
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