With the approval of spot bitcoin ETFs, the possibility of spot ether ETFs soon following, and increasing regulatory clarity in the form of FASB guidance it should come as no surprise that the sentiment for bitcoin and cryptoassets continues to improve. While prices have not eclipsed the previous all-time-highs every bull market is different, and investors of all sizes should be aware of the ways in which these price increases differ from previous bull runs. Let’s take a look at a few of the trends and reasons why this bull market is different. Specifically news that Morgan Stanley MS is evaluating spot bitcoin ETFs to clients of the broker-dealer platform that form the $150 billion in assets under management at the financial institution seems to indicative the reality of this trend. Once again the potential for even more institutional buying and interest seems set to keep driving bids for bitcoin and other cryptoassets higher for the foreseeable future.

Source: Forbes March 03, 2024 17:41 UTC