Bitcoin ETF

Bitcoin

Standard

<div class="watcher-guru">  
 <p>Global financial giant Standard Chartered has predicted that Bitcoin (BTC) could reach a price of $200,000 by the end of 2025 following Bitcoin ETF approval. The bank’s prediction hinges on whether or not the US SEC (Securities and Exchange Commission) approves a spot BTC ETF (Exchange Traded Fund). </p> 
 <p>According to Standard Chartered head of digital assets Geoff Kendrick and precious metals analyst Suki Cooper, ‘<strong>If ETF-related inflows materialize as we expect, we think an end-2025 level closer to USD 200,000 is possible.</strong>‘</p> 
 <p>Moreover, according to the bank, US-listed spot BTC ETFs will hold between 437,000 and 1.32 million&nbsp;Bitcoin by the end of this year. The bank estimates inflows of around $50-100 billion.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <p><strong>Also Read: Bitcoin ETF Analyst Ups Approval Odds to 95% Amid S-1 Amendments</strong>.</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">Standard Chartered posting some moon math! $200,000 coming pic.twitter.com/IQueMhjgiP</p>— Lark Davis (@TheCryptoLark) January 9, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>Reaching $200,000 from current levels would translate to a 4.3X growth or a rise of about 327%. </p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>However, the analysts highlight that gold ETPs (Exchange Traded Products) took seven to eight years to witness a 4.3X growth. The analysts stated, ‘<strong>We expect Bitcoin to enjoy price gains of a similar magnitude as a result of US spot ETF approval, but we see these gains materializing over a shorter (one- to two-year) period, given our view that the BTC ETF market will develop more quickly.</strong>‘ </p> 
 <h3 class="wp-block-heading" id="h-when-will-the-sec-approve-a-spot-bitcoin-etf">When will the SEC approve a spot Bitcoin ETF?</h3> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp" alt="Global financial giant Standard Chartered predicts that Bitcoin (BTC) could reach a price of $200,000 by the end of 2025 after ETF approval." class="wp-image-120734" srcset="https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 1024w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 300w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 768w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 1536w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 380w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 550w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 800w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 1160w, https://cdn.thebittimes.com/images/2024/01/10/8e79106612ed4939b060f24bd281216d.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure> 
 <p>According to Bloomberg, there is a 95% chance that the SEC will approve one or more spot BTC ETFs. Furthermore, many analysts predict that the SEC could announce its approval decision as early as this week. </p> 
 <p>CNBC analysts have said that a spot BTC ETF may see the light of day by Wednesday, Jan. 10, 2023. </p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p><strong>Also Read: CNBC Expects Spot Bitcoin ETF Approvals Wednesday</strong></p> 
 <p>If a spot Bitcoin (BTC) ETF is approved, we may see a surge in BTC’s price. Moreover, the crypto market may enter a 2021-like bull run following the approval. </p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/spot-bitcoin-etf-could-push-btc-price-to-200k-standard-chartered-tbt76096.html">https://thebittimes.com/spot-bitcoin-etf-could-push-btc-price-to-200k-standard-chartered-tbt76096.html</a></p>

Spot Bitcoin ETF Could Push BTC Price to $200k: Standard Chartered

Table of Contents

TheBitTimes

Other articles published on Jan 10, 2024

LDO and the Crypto Rollercoaster: Unraveling the Recent Surge and Market Dynamics

CBOE Approves Invesco’s Bitcoin ETF for Listing

A New Dawn in Financial Markets: Spot Bitcoin ETFs Finally Approved by SEC

Could Polygon (MATIC) Emerge as a Dark Horse in 2024?

B2Core V4 Released – Smoother Interfaces & Improved Financial Management

EIB invests $30m in Seedstars Africa ventures to boost innovation across the continent

Join our free newsletter for daily crypto updates!