Large Asset Managers Preparing to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody’s Director The excitement surrounding the potential approval of spot Bitcoin ETFs in the U.S. has led to large asset managers preparing to buy Bitcoin, according to Moody’s Director Yannis Giokas.
Coinbase CEO Brian Armstrong believes that Bitcoin could be the key to spreading Western civilization. This sentiment reflects the growing interest and confidence in Bitcoin as a valuable asset.
The recent surge in Bitcoin prices is attributed to the anticipated approval of spot Bitcoin ETFs by the SEC. Bloomberg predicts a 90% chance of SEC approval by January, further fueling optimism in the market.
With the prospect of mass capital inflows from Wall Street upon the launch of spot Bitcoin ETFs, the crypto industry is poised for significant growth and mainstream adoption.
