Financial expert predicts: Crypto markets could revive due to spot Bitcoin ETFs in the US.

Financial expert predicts: Crypto markets could revive due to spot Bitcoin ETFs in the US.

According to a report by www.cash.ch, companies that performed poorly in 2022 have seen many redemptions. But that changed in the second half of the year as crypto markets partially recovered as investors in the US awaited the first spot Bitcoin ETF approvals. Grayscale Investments also won a key legal battle in August over its plans to launch a Bitcoin ETF. Fundraising for active funds has also increased and new fund managers have entered the market, particularly in Singapore, Hong Kong, Dubai, London and Switzerland, said Bailey York, who tracks crypto hedge fund data at Galaxy VisionTrack.

These developments indicate that interest in cryptocurrencies and crypto hedge fund trading is increasing in the financial industry. The approvals of spot Bitcoin ETFs in the US could lead to a further increase in trading volumes and investments in cryptocurrencies. This could also have an impact on the traditional financial market, as investors increasingly turn to alternative investment options.

The increased fundraising for active funds and the proliferation of new fund managers in various global financial centers suggest that interest in cryptocurrencies is also increasing internationally. This could lead to increased international competition in the crypto hedge fund industry and increase competition for investments and returns.

Overall, these developments suggest that cryptocurrencies are increasingly becoming the focus of hedge funds and traditional financial institutions, which could permanently change the cryptocurrency industry and market.