Glassnode co-founder Yann Allemann posted on the X platform that spot Bitcoin ETFs may reshape the financial landscape in an unprecedented way. Such demand is rising, with total assets of companies submitting spot Bitcoin ETF applications now exceeding $15 trillion.
Once a spot Bitcoin ETF is approved, institutional-level FOMO may trigger a new bull run and reach new heights in the crypto market.
It is reported that financial institutions that have applied for spot Bitcoin ETFs in the United States include: BlackRock, ARK, WisdomTree, Invesco/Galaxy, Valkyrie, VanEck, etc.