A Nasdaq survey showed that a spot ETF would motivate financial advisors to invest more in crypto.
Financial advisors surveyed by Nasdaq said that the existence of a spot cryptoNasdaq surveyed 500 financial advisors who are either investing client assets in crypto or considering it and found that 72% of them would be more likely to do so if there was a spot ETF product available.
The study was announced on Monday and also found that a much smaller percentage of respondents believed regulators were likely to approve an ETF in 2022. To this date, the Securities and Exchange Commission has denied every submission for a spot ETF, but last year the regulator approved the first bitcoin futures ETF, which was
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