The Rise of Bitcoin ETFs and the Quest for Due Diligence Approval

The emergence of spot bitcoin Exchange Traded Funds (ETFs) has attracted significant attention, amassing over $7 billion in less than two months. However, the quest for long-term profitability hinges on their acceptance by fund analysts and financial advisers. The due diligence process for these novel products involves assessing their investment case and inner workings. While some are optimistic about the swift approval of bitcoin ETFs, others emphasize the need for a performance record. It’s a learning curve for many in the finance industry, signaling the evolving landscape of cryptocurrency investments.