According to Bloomberg, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the Bitcoin market dynamics.

Potential Surge In Bitcoin Market Value

Sanford C. Bernstein’s research indicates that should the US green-light a fund investing directly in spot Bitcoin, ETFs could constitute roughly 10% of Bitcoin’s market value within the next three years.

Such a shift could amplify Bitcoin’s presence in traditional financial portfolios and potentially foster more significant institutional adoption.

According to Bloomberg, Gautam Chhugani, an analyst at Bernstein, highlighted the rising probability of a spot Bitcoin ETF in the report.

In a separate report, this same analyst had recently disclosed that the SEC believes …