{"id":547215,"date":"2023-08-15T01:00:29","date_gmt":"2023-08-15T01:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=547215"},"modified":"2024-06-11T08:04:35","modified_gmt":"2024-06-11T08:04:35","slug":"bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit\/","title":{"rendered":"Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin&#8217;s Market If Greenlit"},"content":{"rendered":"<p><span class=\"selectable-text copyable-text\">According to <a href=\"https:\/\/www.bnnbloomberg.ca\/etfs-may-account-for-10-of-bitcoin-market-value-if-approved-bernstein-says-1.1958728\" target=\"_blank\" rel=\"noopener nofollow\">Bloomberg<\/a>, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/silent-bitcoin-storm-glassnode-revelations\/\" target=\"_blank\" rel=\"noopener \">Bitcoin market dynamics<\/a>.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/silent-bitcoin-storm-glassnode-revelations\/\" target=\"_blank\" rel=\"noopener \">Silent Bitcoin Storm: Glassnode Uncovers What Lies Beneath The Surface<\/a><\/div>\n<h2><span class=\"selectable-text copyable-text\">Potential Surge In Bitcoin Market Value<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">Sanford C. Bernstein&#8217;s research indicates that should the US green-light a fund investing directly in spot Bitcoin, ETFs could constitute roughly 10% of Bitcoin&#8217;s market value within the next three years. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Such a shift could amplify <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-friendly-javier-milei-wins-presidential-primaries\/\" target=\"_blank\" rel=\"noopener \">Bitcoin&#8217;s presence<\/a> in traditional financial portfolios and potentially foster more significant institutional adoption.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">According to Bloomberg, Gautam Chhugani, an analyst at Bernstein, highlighted the rising probability of a spot Bitcoin ETF in the report. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">In a separate <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/07\/03\/probability-for-us-approval-of-a-spot-bitcoin-etf-is-fairly-high-bernstein\/\" target=\"_blank\" rel=\"noopener nofollow\">report<\/a>, this same analyst had recently disclosed that the SEC believes that a Bitcoin Spot ETF may be &#8220;unreliable&#8221; since crypto exchanges (such as Coinbase) aren&#8217;t under their oversight, leading to concerns about potential price manipulation and unreliability.<\/span><\/p>\n<p>While the speculation on the SEC approval of a Spot Bitcoin ETF continues,\u00a0w<span class=\"selectable-text copyable-text\">ith the Grayscale Bitcoin Trust currently holding about 4% of all Bitcoin, according to Bloomberg, a direct investment, ETF could more than <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/goldman-foresees-q2-2024-fed-rate-cut-boost-bitcoin\/\" target=\"_blank\" rel=\"noopener \">double this figure<\/a>, potentially aiding the growth of the crypto investment landscape.<\/span><\/p>\n<h2><span class=\"selectable-text copyable-text\">The \u201cGrowth Flywheel\u201d Effect<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">Once regulatory approval is in place, Bernstein anticipates a &#8220;growth flywheel&#8221; effect propelled by retail and other institutional inflows. Such a cascade effect would be reminiscent of other financial markets where introducing new financial products spurred fresh investments and liquidity waves.<\/span><\/p>\n<p>Notably, t<span class=\"selectable-text copyable-text\">o understand the significance of this, one only needs to consider the broader ETF market&#8217;s growth trajectory. Since their inception, ETFs have grown exponentially, with assets under management surging across various sectors and asset classes.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Introducing a Spot Bitcoin ETF would mean integrating a highly liquid, decentralized, and increasingly accepted asset into this mix, further validating Bitcoin&#8217;s place in the financial ecosystem.<\/span><\/p>\n<p>Meanwhile, Bitcoin&#8217;s price is<a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-grinds-lower-29k\/\" target=\"_blank\" rel=\"noopener \"> struggling to break above the $30,000 mark<\/a> after slipping below that price range last week. <span class=\"selectable-text copyable-text\">As of this writing, the asset trades at $29,623, recording a slight increase of 0.5% over the past 24 hours.<\/span><\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/C7m9EJOj\/\" alt=\"Bitcoin (BTC)\u2019s price chart on TradingView\" width=\"2770\" height=\"1408\"><figcaption class=\"wp-caption-text\">Bitcoin (BTC)\u2019s price is moving sideways on the 4-hour chart. Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Alongside its struggling price, <span class=\"selectable-text copyable-text\"><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-addresses-in-loss-soar-to-one-month-high\/\" target=\"_blank\" rel=\"noopener \">BTC\u2019s market capitalization<\/a> has increased by more than $10 billion in just the past week. The asset market cap has surged from a high of $560 billion earlier last week to a current cap of $573 billion.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-addresses-in-loss-soar-to-one-month-high\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators<\/a><\/div>\n<p>The top crypto&#8217;s trading volume has also followed closely with its surging market cap and has seen a significant spike from last week&#8217;s daily trading volume. Bitcoin&#8217;s 24-hour trading volume currently stands at $11.3 billion compared to a lesser volume of $8.7 billion last Monday.<\/p>\n<p>Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bloomberg, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the Bitcoin market dynamics. Related Reading: Silent Bitcoin Storm: Glassnode Uncovers What Lies Beneath The Surface Potential Surge In Bitcoin Market Value Sanford C. Bernstein&#8217;s research indicates that should the US green-light a fund investing directly in spot Bitcoin, ETFs could constitute roughly 10% of Bitcoin&#8217;s market value within the next three years. Such a shift could amplify Bitcoin&#8217;s presence in traditional financial portfolios and potentially foster more significant institutional adoption. According to Bloomberg, Gautam Chhugani, an analyst at Bernstein, highlighted the rising probability of a spot Bitcoin ETF in the report. In a separate report, this same analyst had recently disclosed that the SEC believes that a Bitcoin Spot ETF may be &#8220;unreliable&#8221; since crypto exchanges (such as Coinbase) aren&#8217;t under their oversight, leading to concerns about potential price manipulation and unreliability. While the speculation on the SEC approval of a Spot Bitcoin ETF continues,\u00a0with the Grayscale Bitcoin Trust currently holding about 4% of all Bitcoin, according to Bloomberg, a direct investment, ETF could more than double this figure, potentially aiding the growth of the crypto investment landscape. The \u201cGrowth Flywheel\u201d Effect Once regulatory approval is in place, Bernstein anticipates a &#8220;growth flywheel&#8221; effect propelled by retail and other institutional inflows. Such a cascade effect would be reminiscent of other financial markets where introducing new financial products spurred fresh investments and liquidity waves. Notably, to understand the significance of this, one only needs to consider the broader ETF market&#8217;s growth trajectory. Since their inception, ETFs have grown exponentially, with assets under management surging across various sectors and asset classes. Introducing a Spot Bitcoin ETF would mean integrating a highly liquid, decentralized, and increasingly accepted asset into this mix, further validating Bitcoin&#8217;s place in the financial ecosystem. Meanwhile, Bitcoin&#8217;s price is struggling to break above the $30,000 mark after slipping below that price range last week. As of this writing, the asset trades at $29,623, recording a slight increase of 0.5% over the past 24 hours. Alongside its struggling price, BTC\u2019s market capitalization has increased by more than $10 billion in just the past week. The asset market cap has surged from a high of $560 billion earlier last week to a current cap of $573 billion. Related Reading: Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators The top crypto&#8217;s trading volume has also followed closely with its surging market cap and has seen a significant spike from last week&#8217;s daily trading volume. Bitcoin&#8217;s 24-hour trading volume currently stands at $11.3 billion compared to a lesser volume of $8.7 billion last Monday. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":538164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790,6664,1944],"class_list":["post-547215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto","tag-etf"],"acf":[],"yoast_head":"\n<title>Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin Market If Greenlit<\/title>\n<meta name=\"description\" content=\"Bitcoin, the world-renowned digital currency, has experienced significant growth and volatility over the years. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin Market If Greenlit","description":"Bitcoin, the world-renowned digital currency, has experienced significant growth and volatility over the years. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin&#8217;s Market If Greenlit","url":"http:\/\/uniquehot.com\/news\/bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt","crypto","etf"],"dateCreated":"2023-08-15T01:00:29Z","datePublished":"2023-08-15T01:00:29Z","dateModified":"2024-06-11T08:04:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin&#8217;s Market If Greenlit\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bernstein-predicts-spot-etfs-bitcoin-market-if-greenlit\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\",\"crypto\",\"etf\"],\"dateCreated\":\"2023-08-15T01:00:29Z\",\"datePublished\":\"2023-08-15T01:00:29Z\",\"dateModified\":\"2024-06-11T08:04:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/547215"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=547215"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/547215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/538164"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=547215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=547215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=547215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}