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

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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

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