He added that he was “100%” confident about such an outcome within a two to three-year timeframe. <\/span><\/span><\/p>\n The launch of spot Bitcoin ETFs in the US has forced the conversation such that advisors and financial professionals must now have an opinion on the investment vehicles, he said, adding that more wealth managers are considering adding Bitcoin ETFs to their clients’ portfolios.<\/p>\n Hosted by the New York Stock Exchange and moderated by The ETF Store president Nate Geraci, the roundtable discussion included several big players in the crypto and asset management space. <\/span><\/p>\n Proshares head of investment Strategy Simeon Hyman said he couldn’t <\/span>imagine there won’t be other cryptos added to the ETF product mix.<\/span><\/p>\n “It’s got to happen,” he said. <\/span><\/p>\n Meanwhile, Bitwise Asset Management’s chief investment officer Matt Hougan said that the “<\/span>ETF<\/span><\/a> era for crypto” has begun. These investment products are a “wonderful wrapper” that gives investors “what they want.”<\/span><\/p>\n Many of these industry giants have filed applications for Ethereum ETFs. Although there has been a growing consensus that approval likely won’t be granted in May, many remain confident that they will eventually get the nod, too.<\/span><\/p>\n Yeah our odds of eth ETF approval by May deadline are down to 35%. I get all the reasons they SHOULD approve it (and we personally believe they should) but all the signs\/sources that were making us bullish 2.5mo out for btc spot are not there this time. Note: 35% isn't 0%, still… https:\/\/t.co\/QWQOGZjDC5<\/a><\/p>\n — Eric Balchunas (@EricBalchunas) March 11, 2024<\/a><\/p><\/blockquote>\n![\"Cryptocurrency](\"https:\/\/www.bankrate.com\/2022\/07\/07151503\/Cryptocurrency-statistics.jpeg\")
<\/p>\nIndustry Giants Bullish On More Crypto ETF Products Receiving Approval<\/span><\/h2>\n
Spot Ethereum ETFs Will Eventually Get The Greenlight <\/span><\/h2>\n
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