Bank of America Bullish on Bitcoin ETFs, Anticipates 1.6 Billion USD Market

admin Bitcoin, Bitcoin News, Bitcoin Regulations, Bitcoin Startups, Bitcoin Tools, Blockchain, Digital Currencies, Ethereum, Ethereum News, Hacking, Infographics, Initial Coin Offerings, Opinion, Smart Contracts 0 Comments

Bank of America Merrill Lynch (BAML) reported how bitcoin has the potential of reaching over one and a half billion dollars as a market for exchanges, suggesting Cboe Global Markets, Inc. (Cboe), due to its out-front attitude on cryptocurrencies, will be an early winner in such an exchange-traded fund (ETF) environment. 

Also read:The Bitcoin ETF Holy Grail — Another Firm Attempts the Odds Against SEC

Bank of America Runs with Crypto Bulls

With a few baked-in assumptions, BAML pegs foreign currency exchange market (FX) volume to around 1.65 trillion USD. FX currency markets cast a huge shadow, and their decentralized and around-the-clock trading seems match-made for bitcoin. If, BAML

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Read More

Leave a Reply