Bitcoin ETF

Bank AI

Bitcoin

Standard

<div class="cryptonews"> 
 <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>Standard Chartered Bank recently made a noteworthy <a rel="dofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> 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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Analyst: Bitcoin to see significant surge on ETF approval 
 </div> 
 <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">JUST IN: Standard Charter Bank says #Bitcoin could reach $200,000 by end of 2025 if Spot ETFs are approved.</p>— Watcher.Guru (@WatcherGuru) January 8, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Industry experts are heightening their expectations for the imminent <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a>, with many speculating a decision by Wednesday. Standard Chartered’s projections extend beyond the immediate financial implications, suggesting a significant positive impact on Bitcoin’s <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> value (BTC) following ETF <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a>.</p> 
 <p>The bank is not alone in contemplating the potential ramifications of a spot Bitcoin ETF <a rel="dofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a>. 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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Standard Chartered says BlackRock ETF approval will drive 165% BTC price pump, BTCETF Token surge 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/standard-chartered-makes-bold-predictions-for-market-after-bitcoin-etf-approval-tbt75952.html">https://thebittimes.com/standard-chartered-makes-bold-predictions-for-market-after-bitcoin-etf-approval-tbt75952.html</a></p>

Standard Chartered makes bold predictions for market after Bitcoin ETF approval

TheBitTimes

Other articles published on Jan 8, 2024

Top Altcoins To Buy January 8 With Spot BTC ETF Beckoning: ADA, DOGE, ARB

Price Analysis: The Price Of Injective (INJ) Up More Than 10% In 24 Hours

Crypto Daily Roundup 08 Jan: Spot Bitcoin ETFs Steal the Crypto Show

DOT Under Pressure, Uniswap (UNI) Declines; Everlodge (ELDG) Uptrend Continues

Japan’s largest community e-commerce platform to start accepting Bitcoin this year

Japan’s Mercari E-Commerce Marketplace to Support Bitcoin Payments

Join our free newsletter for daily crypto updates!