Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein

Spot bitcoin ETFs will be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.

While this is true, “we see bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in Q3/Q4,” analysts Gautam Chhugani and Maihka Sapra wrote. Spot bitcoin ETFs wereThe institutional basis trade appears to be the “Trojan horse for adoption” and these investors are now evaluating net long positions as they become more comfortable with improving ETF liquidity, the authors wrote.

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