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The recent approval of a Bitcoin spot ETF is likely to trigger a buying rally, according to an executive at one of the world’s largest accounting firms. Eric Turner, head of investment research at EY, said that the ETF approval should encourage institutional investors to make larger investments in Bitcoin than they would otherwise be able to. He added that it will also help increase liquidity and drive down trading costs, as ETFs tend to trade at prices that are more closely related to the underlying asset. Turner believes that the recent approval of the ETF will bring more credibility and trust to the digital asset market, and open it up to a wider variety of investors. While he cautioned that it would not “solve all the problems” associated with Bitcoin and other cryptocurrencies, he also expressed a belief that it is a major step forward in the development of the space.