Yann Allemann, co-founder of on-chain analytics company Glassnode, disclosed data on social media showing that Bitcoin spot exchange-traded funds (ETFs) are changing the global financial framework.
The total assets of companies currently seeking approval for Bitcoin spot ETFs exceed US$15 trillion, and the potential demand is large. Once Bitcoin ETF spot is approved, institutional-level FOMO may trigger a bull market.
According to previous news, financial institutions that have applied for spot Bitcoin ETFs in the United States include: BlackRock, WisdomTree, Invesco/Galaxy, Valkyrie, VanEck, etc.