Changer

Bitcoin ETF

Bitcoin

Spot

<ul>
 <li>BlackRock is showing signs of imminent ETF approval with active SEC collaborations and DTCC listings.</li>
 <li>The expected inflow into the Bitcoin Spot ETF could touch a staggering $200 billion.</li>
 <li>Comparing to Ethereum’s past ETF success, Bitcoin could see new ATHs in just days after the ETF’s acceptance.</li>
</ul>
<p>The world of cryptocurrency is abuzz with the anticipation of BlackRock’s Bitcoin Spot ETF, and many believe it could be the catalyst that drives Bitcoin’s price beyond the $100,000 mark. But why is there such optimism, and what signs are pointing to this bullish trajectory?</p>
<p>To start with, there are strong indications that the Spot ETF’s approval is just around the corner:</p>
<ol>
 <li>Collaborative efforts between the ETF’s issuers and the SEC have been reported, signaling the advanced stages of the filing process.</li>
 <li>BlackRock’s ETF, denoted as $IBTC, has made its appearance on the DTCC’s list.</li>
 <li>Furthermore, the financial giant has begun the ETF seeding process, actively purchasing Bitcoin in preparation for the fund.</li>
</ol>
<p>Now, considering the potential impact on Bitcoin’s price, the numbers speak volumes. With the BlackRock Spot Bitcoin ETF predicted to draw in a whopping $200 billion in inflows, the crypto markets are set for a major shakeup. Due to the nature of supply and demand, especially in an environment of limited liquidity, even the slightest changes can result in significant price hikes.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The Bitcoin BlackRock Spot ETF is so close to being accepted, and this will push <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> to $100,000+ in no time!<br><br>Here's why:<br><br>First of all, these are the signs of imminent acceptance:<br><br>– The issuers are actively working with the SEC to complete the filings.<br>– BlackRock's <a href="https://twitter.com/search?q=%24IBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBTC</a> got… <a href="https://t.co/BCq2rM3pgv" rel="noopener noreferrer nofollow">pic.twitter.com/BCq2rM3pgv</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1716761332970553820?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Drawing parallels to previous milestones, it’s worthwhile noting Ethereum’s Futures ETF scenario. Once it was approved, the mere five-day gap between the official green light and the commencement of trading saw Ethereum’s value soar. Given this precedent, Bitcoin, with its inherent market dynamics, is primed for a rapid rise, potentially reaching new all-time highs in an astonishingly short timeframe.</p>
<p>In conclusion, the BlackRock Spot Bitcoin ETF’s impending approval could very well be the match that lights Bitcoin’s fuse, sending it skyrocketing towards, and possibly beyond, the $100,000 mark.</p>
<h2 class="wp-block-heading" id="h-recommended-news">Recommended News :</h2>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-filing-fuels-grayscales-climb-towards-2023-peak/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Filing Fuels Grayscale’s Climb Towards 2023 Peak</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-spot-bitcoin-etf-rumored-to-be-approved/" rel="noopener noreferrer nofollow">Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-urges-urgent-approval-of-bitcoin/" rel="noopener noreferrer nofollow">BlackRock Urges Urgent Approval of Bitcoin Spot ETF from SEC</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-launches-eu-blockchain-etf/" rel="noopener noreferrer nofollow">BlackRock launches EU blockchain ETF</a></li>
 <li><a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-a-game-changer-that-could-skyrocket-btc-over-100000/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF: A Game Changer That Could Skyrocket BTC Over $100,000</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/blackrocks-spot-etf-a-key-driver-to-push-bitcoin-beyond-100k/">BlackRock’s Spot ETF – A Key Driver to Push Bitcoin Beyond $100k</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

BlackRock’s Spot ETF – A Key Driver to Push Bitcoin Beyond $100k

Table of Contents

Crypto News Land

Other articles published on Oct 25, 2023

SHIB Mampu Mempertahankan Reli Hingga Akhir Oktober 2023?

How To Convert Images Into NFTs: A Step-By-Step Guide

US Electricity Prices: A Turnaround for Cryptocurrency Miners

PEPE Crypto: PEPE Price Surge 61.71%; What Next In PEPEUSD?

Aptos (APT) Surges 27.36% in 7-Day Rally, Eyes $7.60 Price Target

Bitmain Relaunches Antminer X5, the XMR Mining Trailblazer

Join our free newsletter for daily crypto updates!