Crypto AUM Could Rise to $500 Billion in 5 Years: Bernstein
A recent report by Bernstein pointed out that the crypto industry is expected to change from a “cottage industry” to a full-fledged “formal, regulated asset management industry” over the next five years. In this process, the managed assets are expected to rise from $50 billion to $500–$650 billion. In fact, in terms of revenue, the crypto fund management business could be worth up to $50 billion. According to analysts led by Gautam Chhugani, the potential launch of spot-based BTC ETFs in the U.S. will likely trigger capital inflows into the market. The report pointed out that the figure weighed around 4% of the present size of the crypto market. Also Read: Japan: Binance to Launch Dollar, Yen, Euro Stablecoins in 2024 ‘Hockey Stick’ Adoption to Ensue The analysts at Bernstein expect demand to be driven by “investment advisors, wealth and private banking integrated products, and easier access to ETFs in direct broker accounts.” A...