Institutional Players Increasing Interest in Bitcoin
There is a growing trend among institutional players as their interest in Bitcoin continues to rise. This can be attributed to the excitement surrounding the potential approval of Spot Bitcoin ETFs.
Fund Managers Amending Prospectus for Bitcoin Exposure
Fund managers are amending the prospectus of funds they manage in order to gain exposure to Bitcoin. These institutions are looking to allocate 15% to 50% of their assets under management (AuM) to BTC. They plan to achieve this through the use of Spot Bitcoin ETFs, which could launch soon.
Advisors Preferred Trust Seeking SEC Permission for Bitcoin Investments
Advisors Preferred Trust is seeking permission from the SEC to invest up to 15% of its AuM in Bitcoin-related ETFs such as Grayscale’s Bitcoin Trust (GBTC) and ProShares Bitcoin Strategy ETF.
MicroStrategy’s Co-founder Predicts Increased Institutional Investment in Bitcoin
MicroStrategy’s Executive Chairman and Co-founder, Michael Saylor, has hinted that more institutional players will direct their capital towards Bitcoin.
Financial Accounting Standards Board Rule Opens Door for Bitcoin on Balance Sheets
A rule implemented by the Financial Accounting Standards Board allows companies like MicroStrategy to include BTC on their balance sheets.
Launch of Spot Bitcoin ETFs Simplifies Institutional Investment
The launch of Spot Bitcoin ETFs will make it easier for institutional investors to gain direct exposure to Bitcoin. Previously, these investors had to rely on futures ETFs or other derivatives.
Potential Advantage for Grayscale’s Bitcoin Trust
Bloomberg Analyst Eric Balchunas suggests that Grayscale may have a “first mover advantage” if all pending Spot Bitcoin ETFs are approved simultaneously. However, other asset managers may adopt different strategies, such as waiving fees to attract investors.
Hot Take: Institutional Interest in Bitcoin Continues to Grow
The interest in Bitcoin among institutional players is on the rise, fueled by the anticipation of Spot Bitcoin ETFs being approved. This trend has led fund managers to amend their prospectus to include Bitcoin exposure in their portfolios. Advisors Preferred Trust is already seeking permission to invest in Bitcoin-related ETFs. MicroStrategy’s Co-founder has predicted increased capital allocation to Bitcoin by institutions. The Financial Accounting Standards Board rule has also opened doors for companies to include BTC on their balance sheets. The launch of Spot Bitcoin ETFs will simplify institutional investment in Bitcoin. Grayscale’s Bitcoin Trust may have an advantage if all pending Spot Bitcoin ETFs are approved simultaneously.
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