Bitcoin ETF Approvals Won’t ‘Necessarily’ Mean More Portfolio Allocations, Moody’s Analysts Say

“We’re not saying that, for bitcoin, yesterday’s announcement will not be significant,” said Vincent Gusdorf, senior vice president, DeFi and Digital Assets (DFDA) at Moody’s. “It is significant and institutional investors’ entry into this market will be a kind of a watershed moment for the crypto industry.”