@dfn
James Van Straten, Senior Analyst at CoinDesk, stated that wealth management clients of Wall Street banks such as Goldman Sachs, Bank of America, and Morgan Stanley continued to enter the cryptocurrency market through spot Bitcoin ETFs in the third quarter. Given the significant increase in cryptocurrency prices after last week's US presidential election, there may be a surge in FOMO in the fourth quarter. Analysts said, "The 13F document reflects that most institutions are making slow progress in deploying capital and observing trends, and have not taken proactive action before the fourth quarter (the historical bull market). However, due to the election of cryptocurrency friendly Donald Trump and the breakthrough of Bitcoin, I expect wealth managers to make a lot of effort to ensure that each institution receives at least 1% of the allocation. @ftor26
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