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The report also projects that U.S. spot Bitcoin exchange-traded products (ETPs) will accumulate over $250 billion in assets under management (AUM). This trend highlights the explosive growth of Bitcoin investment vehicles and indicates significant institutional interest moving forward.
Encouraging Institutional Support and Adoption
The predictions further extend to institutional asset managers, with Galaxy Digital anticipating that at least one asset manager will recommend an allocation of 2% of their portfolio towards Bitcoin. This shift towards Bitcoin diversification suggests an influx of capital that could bolster the cryptocurrency market significantly.