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<ul class="list-ic vertical">
 <li><span>1</span> <a>Massive inflows are projected on Day 1 of trading for recently approved spot BTC ETFs.</a></li>
 <li><span>2</span> <a>Estimates range from $1 billion to over $4 billion entering the Bitcoin market via funds.</a></li>
 <li><span>3</span> <a>Analysts predict buying pressure could boost prices past the $50K threshold.</a></li>
</ul>
<p>The long wait for spot bitcoin exchange-traded funds (ETFs) in the US finally ended this week after repeated failed attempts, when the Securities and Exchange Commission (SEC) delivered its historic approvals.&nbsp;</p>
<p>However, the real excitement now shifts to these ETFs’ first day of trading as analysts broadly anticipate massive inflows that could significantly impact Bitcoin’s price discovery.</p>
<h2 class="wp-block-heading" id="strong-spot-bitcoin-etf-trading-debut-could-propel-price-past-50-000-strong"><strong>Spot Bitcoin ETF Trading Debut Could Propel Price Past $50,000</strong></h2>
<p>This week, the crypto industry witnessed history when the United States Securities and Exchange Commission (SEC) approved several fund managers to launch spot bitcoin exchange-traded funds (ETFs). This milestone comes precisely 15 years after the first-ever Bitcoin transaction, marking a symbolic moment in its journey.</p>
<p>Despite the long-awaited ETF approvals, Bitcoin’s price remained largely stable at around $46,000, having already factored in expectations. However, as these ETFs commence trading, massive inflows could exert buying pressure and increase prices.</p>
<h2 class="wp-block-heading" id="strong-potential-for-unprecedented-day-1-inflows-strong"><strong>Potential for Unprecedented Day 1 Inflows</strong></h2>
<p>Early estimates project staggering capital inflows on Day 1 of the spot bitcoin ETFs trading. Bloomberg predicts a record-breaking $4 billion entering the Bitcoin market on the first trading session across approved ETFs.</p>
<p>Specific issuers have ambitious goals – BlackRock hopes to attract $2 billion into its fund alone, as per Bloomberg Intelligence. Bitwise confirmed over $100 million in investor commitments for the launch day.</p>
<p>Such intense competition for market share points to issuers’ confidence around substantial demand. Lower fee structures aim to incentivize higher inflows from institutional investors.</p>
<p>Past examples also showcase potential. Standard Chartered estimates that 2024’s inflows will reach $50-100 billion, with Bitcoin prices touching $200,000 by the end of 2025.</p>
<h2 class="wp-block-heading" id="strong-buying-pressure-still-to-materialize-strong"><strong>Buying Pressure Still To Materialize</strong></h2>
<p>Alistair Milne, CIO of Altana Digital, explains Bitcoin’s muted price reaction so far: “Everyone who wanted in before the ETF seems to be in. Only after 9.30 am tomorrow can the ETFs start accepting capital and acquiring Bitcoin.”</p>
<p>Once live trading opens floodgates to direct <a href="https://www.thecoinrepublic.com/2023/06/27/experts-believe-more-tradfi-players-to-join-bitcoin-etf-race/" target="_blank" rel="noopener noreferrer nofollow">ETF</a> participation, pent-up buying pressure would get released into Bitcoin markets and could meaningfully impact prices.</p>
<h2 class="wp-block-heading" id="strong-scenario-analysis-for-price-outlook-strong"><strong>Scenario Analysis for Price Outlook</strong></h2>
<p>If total Day 1 inflows match Bloomberg’s $4 billion estimate per British HODL, a liquidity provider, Bitcoin could attempt the $50,000 threshold relatively quickly. However, even $1-2 billion coming in, as projected by FalconX CEO Raghu Yarlagadda, would likely lift prices per analysts.</p>
<p>On the flip side, if sub $1 billion enters Bitcoin through these ETFs on Day 1, some see an adverse price reaction due to unmet expectations before stability returns.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>As the first set of spot bitcoin ETFs in the US roll out this week, experts project massive inflows that could propel prices higher in the short term.&nbsp;</p>
<p>However, Bitcoin’s reaction will ultimately depend on actual capital entering versus expectations built up over years awaiting these products.</p>

First ETF Trading Day Could Blast Bitcoin Price Past $50,000

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Thecoinrepublic.com

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