Bitcoin (BTC) and Crypto Related Stocks Are Ripe for Institutional Adoption: Bernstein

While this is true, “we see bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in Q3/Q4,” analysts Gautam Chhugani and Maihka Sapra wrote. Spot bitcoin ETFs were approved for the first time in the U.S. in January, dramatically broadening access to the world’s biggest cryptocurrency.