If US regulators approve spot bitcoin ETFs, Ark Invest and 21Shares are well-positioned to rapidly accumulate assets, according to Bloomberg Intelligence analysts.
The Grayscale Bitcoin Trust (GBTC) could also have a leg up — if allowed to launch at the same time — given its current asset base of roughly $23 billion assets under management, according to Bloomberg Intelligence’s James Seyffart and Eric Balchunas.
The US Securities and Exchange Commission is set to rule on the Ark 21Shares Bitcoin ETF (ARKB) by Jan. 10, and industry watchers expect the regulator could greenlight a bunch of other similar offerings at that time.
The regulator could also choose to deny these…
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