In a recent survey, it has been revealed that financial advisors are hopeful about the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. The study, conducted by Bitwise Asset Management and ETF Trends, found that 54% of financial advisors are positive about the prospects of a Bitcoin ETF, while 32% remain unsure.
The Bitcoin ETF approval has been a hot topic within the crypto community for several years now. Despite numerous attempts by various firms, the U.S. Securities and Exchange Commission (SEC) has consistently declined these applications citing concerns over potential market manipulation and lack of market surveillance. However, the recent survey indicates a growing optimism among financial advisors, hinting towards a shift in sentiment towards the acceptance of Bitcoin and its potential integration into mainstream finance.
