Galaxy Research: The potential market size of the U.S. spot Bitcoin ETF could reach $14 trillion in the first year after its launch
According to a report by Galaxy Research, the approval of a Bitcoin ETF for spot trading could bring in significant amounts of capital. The report suggests that the US wealth management industry may be the most accessible and direct market, and could gain the most net new accessibility from an approved Bitcoin ETF. As of October 2023, the total assets managed by brokers, banks, and RIA amounted to $48.3 trillion. Based on these industry figures, the potential market size for the first year after the launch of a US spot Bitcoin ETF could reach $14 trillion, $26 trillion in the second year, and $39 trillion in the third year.
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
Banking the unbanked, but this time for real?
Ripple and SEC made a $50 million deal
Altcoins Gear Up for Profitable Rally
Altcoin holders could be in for major gains as market sentiment turns bullish.Altcoin Holders Anticipate Major GainsWhat’s Fueling the Altcoin Rally?Time to Watch the Altcoin Market Closely
Best Cryptos to Buy Now: Why Qubetics, Cardano, and Toncoin Are Dominating 2025’s Blockchain Revolution
Explore why Qubetics, Cardano, and Toncoin are the best cryptos to buy now in 2025, with groundbreaking innovations and real-world applications.Qubetics ($TICS): Bridging Real-World Assets with BlockchainCardano (ADA): Pioneering Sustainable Blockchain SolutionsToncoin (TON): Revolutionizing Digital InteractionsUnderstanding Real World Asset TokenizationConclusion
Trending news
MoreCrypto prices
More
