Bernstein: It is expected that after the Bitcoin spot ETF is approved, other currency products will appear

Analysts from Bernstein, an Odaily Planet Daily news analysis agency, predict that the encryption industry will launch the first spot Bitcoin ETF at some point between mid-October and mid-March next year, and all spot ETF applications, including Grayscale, will were approved at the same time. Given that ETH also has a similar market structure to the CME futures market and spot market, an Ethereum spot ETF may appear first. Analysts said the asset management industry is expected to strive to launch ETFs for other top blockchain token assets such as Solana and Polygon, and there may even be a top DeFi asset ETF. This is a huge business opportunity for the asset management industry to charge significant management fees in an emerging asset class. (CoinDesk)