Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Bernstein: Bitcoin and Crypto-Related Stocks Are Ripe for Institutional Adoption

Odaily2024/06/19 10:59
By:Odaily
Odaily News Bitcoin and cryptocurrency-related stocks are undervalued and ripe for institutional adoption, brokerage firm Bernstein said in a research note on Wednesday. Bernstein noted that crypto bears believe that spot Bitcoin exchange-traded fund (ETF) trading is over, with most of the early allocations coming from retail investors and most institutional demand being underlying cash and carry trades rather than new net long positions. While this is true, we believe a Bitcoin ETF will be approved by major securities firms and large private banking platforms in Q3/Q4. Spot Bitcoin ETFs were first approved in the U.S. in January, greatly broadening the channels for people to invest in the worlds largest cryptocurrency.
0

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.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Has Altcoin Season Started With FED Heat? Legendary Analyst Answers

Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.

Bitcoinsistemi2024/09/19 21:06

How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast

At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.

Bitcoinsistemi2024/09/19 21:06

Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data

Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.

Bitcoinsistemi2024/09/19 21:06