"Bitcoin ETFs: $14.4 Billion Inflows Expected, 74% Price Surge Anticipated"

Crypto fund Galaxy Digital predicts that spot bitcoin exchange-traded funds (ETFs) could attract $14.4 billion in inflows in their first year of issuance, potentially rising to $39 billion by the third year. Galaxy Digital believes that ETFs could be a more attractive investment option compared to existing products like trusts and futures. The U.S. wealth management industry is seen as the most addressable market for a Bitcoin ETF, with assets managed by broker-dealers, banks, and RIAs totaling $48.3 trillion. The demand for a Bitcoin ETF is high, as evidenced by recent price surges triggered by rumors and the discovery of BlackRock's proposed ETF. Galaxy Digital highlights the drawbacks of current investment products and suggests that a spot ETF could offer greater efficiencies in terms of fees, liquidity, and price tracking. Currently, there are 12 spot bitcoin ETFs under consideration by the SEC.