LATEST: Ernst & Young (EY) Anticipates Bitcoin Boom Following Potential ETF Approval

Ernst & Young’s (EY) global blockchain leader, Paul Brody, emphasized the strong institutional interest in Bitcoin, which awaits a spot BTC exchange-traded fund (ETF) approval by U.S. regulators. Speaking on CNBC’s Crypto Decrypted, Brody noted that trillions in institutional funds are ready to invest in Bitcoin with an approved ETF. He stressed that most are viewing Bitcoin as an asset, not a payment tool. This statement arises as major firms, including Grayscale Investments and BlackRock, anticipate the U.S. SEC’s approval for Bitcoin ETF offerings.

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