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Another Nasdaq review of monetary consultants saw that 72% would be bound to put client resources in digital currencies, assuming they approached a spot ETF item.

Notwithstanding, just 38% of the guides reviewed said they believe it’s reasonable the U.S. Protections and Exchange Commission will support a spot ETF in 2022. Nearly as many as 31% believe it’s far-fetched that the SEC will support a spot crypto ETF item this year.

The blend of enthusiasm and doubt encompassing a spot crypto ETF hasn’t prevented monetary counsels from tracking down alternate ways of adding crypto openness to their portfolios.

“The great majority of advisors we polled want to either start allocating to crypto or raise their current allocation to crypto,” said Jake Rapaport, Nasdaq’s head of digital asset index research. “As demand for cryptocurrency continues to rise, advisers will be seeking an institutional answer to the crypto topic that is increasingly dominating client discussions.”

The 500 advisers polled by 8 Acre Perspective for Nasdaq last month handled $26 trillion in assets for their customers.

None of the advisers who already had a crypto holding in their portfolio expected to reduce it in the coming year. The majority of respondents (86%) intend to expand their cryptocurrency holdings.

As indicated by the study, just four out of 10 guides were thinking about putting resources into individual digital forms of money. 69% said they would consider utilizing a list reserve for wide crypto openness.

Teucrium’s Bitcoin futures ETF has sparked speculation about a spot ETF

Last Monday, the SEC authorized the Teucrium Bitcoin Futures Fund, reigniting speculation about a prospective spot Bitcoin ETF. Unlike the other futures Bitcoin ETFs, the application for this futures Bitcoin ETF was submitted under the Securities Act of 1933.

In several spot Bitcoin ETF denials, the SEC has claimed that the 1933 act lacks sufficient consumer safeguards, most notably with the ARK 21Shares Bitcoin ETF. However, a key roadblock has been eliminated now that a futures Bitcoin ETF has been approved under it.

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