Could approved Bitcoin ETF begin a $100bn crypto market value?

<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin.jpg 880w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2020/12/Bitcoin-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p>Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and launch approaches.</p>
<p>Those keeping a close eye on the matter believe the US Securities and Exchange Commission will give the stated ETF the go-ahead sometime in January after approximately 10 years of opposition. Wall Street thinks this is just the pick-me-up cryptocurrency trading need after the FTX fraud fiasco.</p>
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<p>However, as with everything, the flipside of this virtual coin is not so rosy. Despite significant interest, many investors are hesitant to put their money into crypto and cannot see past the FTX aftershocks. Plus, since its 2021 peak and regardless of its recent positive spikes, Bitcoin never did gain the momentum to reach and maintain those heights again.</p>
<p>After weighing the pros and cons, financial experts remain optimistic about the tax and cost benefits of an approved spot-Bitcoin <a href="https://www.leaprate.com/cryptocurrency/bitcoin-cash/bitcoins-10-jump-sheds-light-on-etf-investments-in-cryptocurrency/" target="_blank" rel="noopener">ETF</a>. According to Bloomberg, Coinbase, a leading crypto trading platform, feels that such a fund will create new lending and derivatives trades in the wake of regulated transparency and liquidity.</p>
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