Bernstein: Crypto funds capitalization will exceed $500 billion

Within the next five years, the capitalization of instruments focused on the cryptocurrency market will exceed $500 billion, Bernstein predicts. Now it amounts to no more than $50 billion.
The growth of investments in crypto funds is possible if the US Securities and Exchange Commission (SEC) approves applications for issuance of exchange-traded spot bitcoin-ETF crypto funds. The US regulator will announce its final decision in October.
Bloomberg strategists estimate that the likelihood of such applications being approved has risen strongly recently.

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