Bitwise Report: 88% of Advisors Interested in Buying Bitcoin Are Waiting for Spot Bitcoin ETF Approval
Bitwise Asset Management has released its sixth annual "Bitwise/VettaFi 2024 Financial Advisor Attitude Benchmark Survey" report. The report shows that less than half of the advisors expect a spot Bitcoin ETF to be launched in 2024, and only 39% of the advisors believe that a spot Bitcoin ETF will be approved in 2024. In contrast, Bloomberg ETF analysts believe that there is a 90% chance of approval in January.
The vast majority of people see its approval as a major catalyst, and 88% of advisors interested in buying Bitcoin are waiting for the approval of a spot Bitcoin ETF.
Access to cryptocurrencies is still limited, with only 19% of advisors saying they can buy cryptocurrencies in client accounts.
Among advisors who currently allocate cryptocurrencies in client accounts, 98% plan to maintain or increase this investment by 2024.
Among allocated advisors, the size of allocations is increasing. Large cryptocurrency allocations (over 3% of the portfolio) more than doubled, from 22% in 2022 to 47% in 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
1inch reveals new cross-chain swap feature
Bitget announcement: Removal of VGXUSDT trading pairs from Futures Trading Bots
Bitget Futures Trading Bots will remove the following pairs on September 26, 2024, 15:00 (UTC+8) to provide a better user trading experience: VGXUSDT Notes: Users should close the relevant orders in advance if they hold strategy orders in these trading pairs. The release and purchase features of th
Bitcoin stagnation hints at potential volatility as demand decreases
Peter Schiff warns Fed’s rate cut will lead to economic collapse
Trending news
MoreCrypto prices
More
