KEY POINTS
  • Following the approval of spot bitcoin ETFs, analysts at Standard Chartered anticipate fund inflows in the range of $50 billion to $100 billion in 2024.
  • It's the first opportunity for many large wealth managers to get access to crypto.
  • "Bitcoin is beginning to become a benchmark asset for the younger generation," said Anthony Pompliano, founder of Pomp Investments.

Now that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency.

For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts at Standard Chartered anticipate fund inflows in the range of $50 billion to $100 billion in 2024.