Bitcoin ETFs Gain Momentum Amid Digital Asset Boom: ‘Investors Are Asking For It’ And Institutions Want To ‘Incorporate Digital Assets,’ Says Grayscale
The digital asset landscape is experiencing a significant surge, with Bitcoin (CRYPTO: BTC) exchange-traded funds emerging as a pivotal force driving institutional adoption.
What Happened: David LaVall, the global head of ETFs at Grayscale Investments, told Benzinga that the introduction of spot Bitcoin ETFs at the beginning of 2024 marked an “incredible” inflection point, drawing in a substantial number of institutional players.
“As we’re a little bit over a year, what we are looking at is some of the largest institutions in the form of wealth managers, firehouse platforms looking to figure out how they exactly incorporate digital assets into their franchises,” LaVall stated.
He emphasized that the demand is coming directly from investors, “Investors are asking for it, this is a unique opportunity where the democratization of an asset class, which is what ETFs have done historically, is happening for digital assets.”
LaVall highlighted the …
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