Bitcoin ETF

Bitcoin

Standard

<p class="is-style-lead">Standard Chartered Bank anticipates a substantial influx of $50 to $100 billion into Bitcoin after approving spot ETFs, with industry experts speculating a decision by this week.</p> 
<p><a href="https://crypto.news/standard-chartered-predicts-bitcoins-future-value/" data-type="link" data-id="https://crypto.news/standard-chartered-predicts-bitcoins-future-value/">Standard Chartered</a> Bank recently made a noteworthy prediction regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon approval of the investment product, expected in 2024.</p> 
<p>The international banking giant’s forecast is based on the anticipation surrounding more than a dozen spot Bitcoin ETF applications currently under consideration by the U.S. Securities and Exchange Commission (SEC).</p> 
<p> You might also like: <a href="https://crypto.news/analyst-bitcoin-to-see-significant-surge-on-etf-approval/"> Analyst: Bitcoin to see significant surge on ETF approval </a> </p> 
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   <p lang="en" dir="ltr">JUST IN: Standard Charter Bank says <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> could reach $200,000 by end of 2025 if Spot ETFs are approved.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1744398606222622770?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 8, 2024</a>
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<p>Industry experts are heightening their expectations for the imminent approval, with many speculating a decision by <a href="https://crypto.news/bloomberg-expert-bitcoin-etf-approvals-anticipated-in-january-ethereum-in-unique-position/" data-type="link" data-id="https://crypto.news/bloomberg-expert-bitcoin-etf-approvals-anticipated-in-january-ethereum-in-unique-position/">Wednesday</a>. Standard Chartered’s projections extend beyond the immediate financial implications, suggesting a significant positive impact on Bitcoin’s market value (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) following ETF approval.</p> 
<p>The bank is not alone in contemplating the potential ramifications of a spot <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">Bitcoin ETF</a> approval. The broader digital asset industry is enthusiastic, and stakeholders are closely watching developments unfold.</p> 
<p>According to Standard Chartered, Bitcoin could not only witness substantial inflows but also achieve a remarkable price milestone of $200,000 by the end of 2025, surpassing its previous all-time high.</p> 
<p> Read more: <a href="https://crypto.news/standard-chartered-says-blackrock-etf-approval-will-drive-165-btc-price-pump-btcetf-token-surge/"> Standard Chartered says BlackRock ETF approval will drive 165% BTC price pump, BTCETF Token surge </a> </p>

Standard Chartered makes bold predictions for market after Bitcoin ETF approval

crypto.news

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