Market Cap: $2,916,590,929,464
24h Vol: $130,469,247,062
Cryptocurrencies: 30084
Markets: 114789
Cryptocurrencies: 30084
Markets: 114789
Market Cap: $2,916,590,929,464     
24h Vol: $130,469,247,062
Coin-turk.com 2023-10-19 21:03:21

CryptoQuant: SEC’s Approval of Bitcoin ETF Could Increase BTC Price by Triple Digits

CryptoQuant: SEC’s Approval of Bitcoin ETF Could Increase BTC Price by Triple Digits
CryptoQuant, a chain analytics provider, made a bold prediction that the approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) could increase the price of Bitcoin (BTC) by triple digits. Bitcoin Indicates Range of $50,000 to $73,000 CryptoQuant’s new report suggests that if Wall Street companies applying for spot Bitcoin ETFs allocate a portion of their assets under management (AUM) to Bitcoin, billions of dollars would flow into Bitcoin and the cryptocurrency market, resulting in a price increase of more than double: It is worth mentioning that major financial institutions such as BlackRock, VanEck, and Fidelity Investments are among the companies aiming to launch spot Bitcoin ETFs in the US.The post CryptoQuant: SEC’s Approval of Bitcoin ETF Could Increase BTC Price by Triple Digits appeared first on COINTURK NEWS.
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