As of an article from CoinDesk says that within the first year of being approved, a spot bitcoin ETF could bring in more than $100 billion in assets. It says that Fidelity Digital Assets thinks a spot bitcoin ETF could bring in $20 billion to $50 billion in its first year.
It also talks about VanEck's predictions that this kind of ETF could have $100 billion in assets under management (AUM) in its first year. Individual investors who want to trade in bitcoin through standard vehicles like ETFs are the main reason for the huge potential AUM.
Even though bitcoin futures ETFs are already available, buyers looking for pure bitcoin market exposure could put a lot of money into a spot bitcoin ETF that holds the base asset.
The piece makes the case that approving the first Bitcoin ETF would make it easy for regular people to trade in Bitcoin.
DACFP is a professional association for financial advisors working with digital assets.
The survey polled DACFP members, who are financial advisors, on their views of cryptocurrencies and a potential Bitcoin ETF.
It found that around 77% said investor demand for crypto exposure is higher than ever.
A strong majority of advisors surveyed also said they would be willing to purchase shares of a Bitcoin ETF for clients if one became available.
This suggests financial advisors are seeing significant interest from clients to gain cryptocurrency exposure through investment vehicles like an ETF, and most advisors would utilize a Bitcoin ETF themselves to meet that growing client demand if regulatory approval was obtained.
References:
https://www.coindesk.com/consensus-magazine/2023/11/06/sizing-the-massive-spot-bitcoin-etf-opportunity/
https://dacfp.com/about-spot-bitcoin-etfs/