Industry experts predict that the approval of a spot bitcoin ETF in the US market could result in significant asset reallocation, with investors moving billions of dollars from Grayscale Investments’ Bitcoin Trust (GBTC), Canadian bitcoin ETFs, and other crypto offerings. A spot bitcoin ETF launch is anticipated to be among the largest in history and could attract high demand from financial advisers and institutional investors. The approval of multiple spot bitcoin ETFs simultaneously could lead to competition among issuers, with BlackRock expected to have an advantage due to its established relationships with institutions. However, the large number of spot bitcoin ETFs might dilute the potential asset gathering of any single fund. The exchange listing the winning product stands to benefit due to increased trading volume.

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