5 Future Predictions of Technology
(1) More Institutions Will Get Into Cryptocurrencies In 2018
“Our institutional investor base is very interested in learning more and getting exposure,” said Michael Graham, a Canaccord Genuity analyst who has published several reports on digital currencies. “One of our major themes is that as we roll out through 2018, it’s the year of institutions getting exposure to the space.”[1]Evelyn Cheng
The bitcoin related institutional level investment products are increasing.
Nasdaq, Cantor Fitzgerald will create their imitation of bitcoin like CME and Cboe bitcoin futures. Regulators are expected to approve a bitcoin exchange -traded fund in the early 2019 or the second half of 2018 according to some analyst.
“With the regulated futures markets going live in 2017, the stage is set for ETFs to gain approval in 2018,” Nolan Bauerle, director of research at CoinDesk, said in an email. “In fact, the Cboe filed for 6 cryptocurrency ETFs at the end of 2017 which could go live in 2018. This would dramatically increase how institutional investors can get exposure.”[1]Evelyn Cheng
