By CryptoNews - 2 years ago - Reading Time: 1 minutes
Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts
The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.
This figure is likely to be seen even without large increases in crypto prices, their report said, predicting that a spot-based bitcoin (BTC) ETF will likely be approved in the US by the end of 2023....
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Original source: CryptoNews