Large banks are preparing to open access to Bitcoin ETFs
💰 Analyst Matt Hogan stated that Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS may allow clients to invest in spot Bitcoin ETFs by the end of the year.
🔺 This could cause a record influx of capital into the sector and drive BTC growth.
🔺 Expanding access makes Bitcoin an increasingly recognized tool for hedging risks, according to the expert.
💬 Earlier, Coinbase Asset Management President Sebastian Bea noted that the market is entering an era of institutional adoption but urged caution due to regulatory challenges and speculative risks.
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