Hashdex, a crypto asset management firm, unveiled its 2024 Crypto Investment Outlook report on December 4th, anticipating the potential availability of spot Bitcoin and Ether exchange-traded funds (ETFs) for U.S. investors by Q2 2024. The report cites mounting indicators signaling forthcoming regulatory approval for crypto ETFs, with over a dozen asset managers awaiting SEC approval for spot bitcoin ETF filings.

Dramane Meite, Hashdex’s Head of Product for the U.S. and Europe, noted the shift in the narrative from ‘if’ to ‘when’ regarding the introduction of a spot bitcoin ETF in the U.S. Analysts speculate that such approvals could open doors to trillions in new investments.

The firm foresees an immense potential market, larger than Europe, Canada, and Brazil combined, with an estimated $50 trillion AUM, once spot ETFs are accessible to the U.S. retail and wealth sectors. Hashdex also anticipates that ETF approvals will drive innovation in product offerings, expecting diverse specialized funds to cater to varying risk appetites, following the introduction of basic single-asset funds. Additionally, Hashdex sees the upcoming Bitcoin halving in April 2024 as another catalyst, potentially fueling a bullish market. Despite the crypto market’s 2022 turbulence, Hashdex’s CIO, Samir Kerbage, expresses optimism about crypto’s enduring transformative potential.