These prospective bitcoin ETF issues have a significant amount of assets under management (we estimate around $16 trillion), so they could have a huge impact on crypto. If only a small percentage of that amount gets invested into bitcoin, the effect would most likely be very significant because, currently, bitcoin exchange-traded products only amount to $38.8 billion of assets, based on our calculations (including Grayscale’s trust).
Investment Giants BlackRock and Fidelity Stir Interest in Spot Bitcoin ETFs Among Professionals
