Solana

Bitcoin

Read

Shiba Inu

<div class="coingape"> 
 <p>Also Read: <strong>SOL Price Prediction: Bulls Poised For New Rally, Solana Strengthens Technical Outlook</strong></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>Earlier, CoinGape reported that JP Morgan analysts believe the U.S. Securities and Exchange Commission (SEC) will be compelled to approve the motion for approving the Grayscale <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> into a spot ETF. However, it remains to be seen which company among the likes of Blackrock, Ark Invest, Fidelity Bitwise will grab the filing for the ETF.</p> 
 <h2 id="fresh-wave-of-bitcoin-investment">Fresh Wave Of Bitcoin Investment</h2> 
 <p>Crypto community insiders believe that an ETF approval could bring in a fresh wave of funds into the digital assets market. Lark Davis, a Bitcoin investor, said it is estimated that anywhere between $20 to $30 billion in cash could be invested in Bitcoin, as and when the ETF is approved. For a perspective, this amount could be worth about 50% of all the BTC existing in the crypto exchanges currently.</p> 
 <blockquote> 
  <p>“Estimates are that a spot Bitcoin ETF would bring 20-30 billion of fresh cash into Bitcoin. That would buy about half of all coins on exchanges at current prices.”</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/04/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>ing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
 </blockquote>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>The concept of ETFs backed by non-government assets had historically done well in the <a rel="noopener noreferrer nofollow" title="United States" href="https://thebittimes.com/tag/united-states.html">United States</a>. For example, the launch of SPDR Gold Trust ETF (GLD), a gold backed exchange traded fund in November 2004 turned out to be a success. After the launch of the first gold backed ETF, the value of gold had took off steadily over the years. Will the <a rel="noopener noreferrer nofollow" title="BTC price" href="https://thebittimes.com/tag/btc-price.html">BTC price</a> repeat a similar trend after the <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> is approved?</p> 
 <h2 id="btc-price-prediction">BTC Price Prediction</h2> 
 <p>Going by the estimated figures, the infusion of fresh could at least trigger a Bitcoin rally by 50% from the current range. Michael Saylor, the MicroStrategy cofounder and a Bitcoin supporter, continues to have faith in the asset as the company projected further buying of BTC, bolstering its position as the largest instituational Bitcoin holder.</p> 
 <p>Also Read: <strong>Whale Again Moves Massive 4.6 Trillion Shiba Inu (SHIB), Recovery Ahead?</strong></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/btc-price-prediction-if-spot-bitcoin-etf-is-approved-tbt61480.html">https://thebittimes.com/btc-price-prediction-if-spot-bitcoin-etf-is-approved-tbt61480.html</a></p>

BTC Price Prediction If Spot Bitcoin ETF Is Approved

Table of Contents

TheBitTimes

Other articles published on Sep 4, 2023

Report: London Stock Exchange Group Mulls Blockchain-Based Trading for Traditional Financial Assets

More than half of adult Turks seek inflation hedge in crypto

Today in Crypto: Attorney Says Ads Featuring Celebrities Don't Distinguish Between FTX & FTX.US M...

BX Stock Price Prediction: Will Key Level Decide The Next Move?

Baby Doge Coin (BabyDoge) Price Prediction 2024, 2025, 2026-2030

Serenity Shield Wins "Best Technology Company" at the 6th Annual Burj CEO Awards (4 Sep)

Join our free newsletter for daily crypto updates!