US banking giant Goldman Sachs stated that spot Bitcoin ETF approval could benefit institutional investors.
US Securities and Exchange Commission (SEC) January 10 day spot Bitcoin exchange-traded fund (ETF) approved their applications. Following the approval, a statement came from Goldman Sachs.
A report published by Goldman Sachs highlighted that institutional investors could benefit from the approval of spot Bitcoin exchange-traded funds (ETFs).
The investor protection provided by ETFs has improved access to Bitcoin for institutional investors through private funds, given their ability to trade. At the same time, it is now more convenient for institutions to benefit from standard accounting and reporting processes in the context of ETF portfolio management.
On the other hand, investors are concerned about the potential disadvantages of cryptocurrencies. warns them to be careful giant company located incompanies can adopt a long-term entry motto highlighted:
Market demand among institutional investors may not begin immediately. Long-term sustainable demand for spot BTC ETFs will likely depend on product suitability and adoption in the broader market.