According to VanEck Asia Pacific CEO Ariane Neuron, Bitcoin is an asset class that many investors and financial advisors are now looking to gain access to.
Australian interest in the first cryptocurrency has increased following the approval of spot ETFs in the US, and VanEck expects the flow of funds into Bitcoin-based exchange-traded funds to increase by the end of 2024.
Previously, the American investment fund Franklin Templeton, which manages assets worth over $1.5 trillion, prepared an application for registration of a spot exchange-traded fund for altcoins with the US Securities and Exchange Commission (SEC).
Source: Bits
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