Bitcoin ETF approval helped achieve $7 billion AUM, Scott Melker notes

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1 hour ago

Bitcoin ETF approval helped achieve $7 billion AUM, Scott Melker notes — Bitcoin ETF approval and $7 billion AUM

Scott Melker, owner and content creator, questions whether Bitcoin's institutional adoption is as widespread as it appears.

He highlights that representatives from 21Shares assisted the U.S. Securities and Exchange Commission in approving Bitcoin ETFs and now manage $7 billion in assets. Melker also notes 21Shares was created to enable the founders' mothers to buy Bitcoin, reflecting the effort to make crypto investment more accessible.

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Melker has recently covered major shifts in both crypto and traditional markets. He reported on Vitalik Buterin's plans to overhaul Ethereum, which may have an impact similar to the Merge. In equities, he noted that JPMorgan raised its S&P 500 year-end target to 7,800 on expectations of strong AI-driven earnings.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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