Bitcoin ETFs Will See Hundreds Of Billions In Inflows, Analyst Predicts
Institutional investment in the cryptocurrency space is poised for a massive influx, with hundreds of billions of dollars expected to enter the market in the coming years, according to Devin Ryan, managing director at JMP Securities.
What Happened: In an interview with CNBC, Ryan emphasized that the evolving regulatory landscape and the increasing acceptance of Bitcoin exchange-traded funds (ETFs) are key catalysts for this transformative growth.
“We have research out saying $220 billion of assets are coming into Bitcoin ETFs in the next three years,” Ryan said. “If there is a strategic reserve, that could be hundreds of billions of dollars of assets into Bitcoin.”
Ryan pointed out that trading volumes for companies like Coinbase Inc. (NASDAQ:COIN) and Robinhood (NASDAQ:HOOD) have surged since …
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