VanEck Predicts 2.4 Billion into Spot BTC ETFs

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VanEck, a prominent ETF issuer, anticipates that the U.S. will approve a long-awaited spot bitcoin ETF in early 2024, and it expects the product to attract billions in inflows during the first few months following approval. The firm predicts that more than $2.4 billion will flow into newly approved U.S. spot bitcoin ETFs in the first quarter of 2024, helping to support the price of bitcoin.

ETF Newz Says:

While the Securities and Exchange Commission (SEC) has approved ETFs tracking bitcoin and ether futures, it has only recently begun advancing filings for physically backed bitcoin ETFs. VanEck, one of the first firms to file for a spot bitcoin ETF in 2018, is among those awaiting approval.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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