North American investors believe that the launch of a spot bitcoin ETF in the United States will lead to an increase in the interest of institutional investors in BTC and Ethereum (ETH) and will favorably affect their price.
According to the latest research conducted by Institutional Investor and the Coinbase cryptocurrency exchange, the level of interest of institutions in digital assets has increased significantly. Of the 250 crypto investors who participated in the survey, 65% are confident that in the next five years digital assets will become the most popular investment tool among institutional investors. This growth will be strongly supported by the launch of the BTC ETF, according to the survey respondents.
Investors also rate the approval of the spot bitcoin ETF as a way to increase accessibility and clarity in the regulation of crypto investments, and 64% of them support this point of view.
It is important to note that investors expect growth in both the volume of investments in digital assets (59%) and in the prices of cryptocurrencies (57%) in the coming years. They also put cryptocurrencies in third place among the most attractive assets after private investments and American public stocks.
The question of when the SEC (U.S. Securities and Exchange Commission) will finally make a decision on the spot bitcoin ETF remains open. However, Bloomberg analyst James Seyffart predicts that the next window for possible approval will open on January 5th. The SEC continues to delay applications, but some experts believe this may hint at an accelerated approval process. In addition, the SEC is in dialogue with applicants, including Grayscale, to discuss the details and possibilities of converting GBTC into a spot bitcoin ETF.
