On February 18th, according to Decrypt, Bernstein stated in a research report on Monday that investors should be prepared for further gains in Bitcoin and related US stocks.
Analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia stated that the start of the Bitcoin bull market was due to the expectations and subsequent approval of the US Bitcoin spot ETF, followed by further market gains due to the election of pro cryptocurrency Donald Trump as the US President. The report points out that as institutional funds continue to flow into this field, the upward trend will continue in the future.
Analysts wrote, “The adoption of Bitcoin by banks, institutional investors, businesses, and ultimately even sovereign states (directly or through sovereign funds) positions Bitcoin as a clear challenger to gold
Since the Bitcoin ETF began trading, the price of Bitcoin has reached a new historical high. After President Trump’s election, Bitcoin surpassed the long-term expected $100000 mark.
Bernstein’s analysts also pointed out that the Abu Dhabi Sovereign Wealth Fund is very optimistic about the prospects of Bitcoin by purchasing it through ETFs.
Bitcoin and Ethereum ETFs enable investors who were previously unable to access cryptocurrencies to invest by purchasing fund shares that track the prices of these assets, and these funds are traded on the US stock market.
Bernstein also revealed that data shows that Jane Street Group Top institutions such as Citadel Advisors and Morgan Stanley have purchased hundreds of millions of dollars worth of ETF shares.

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