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Researchers from the Altcoin Daily YouTube channel have revealed their anticipation of further rises in the Bitcoin (BTC) cryptocurrency’s quotes. According to experts, there are several reasons for the flagship digital currency’s surge. They mention the consistent demand for spot Bitcoin ETFs in the US. Furthermore, specialists have grounds to believe this demand will only increase. 
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The recent update of the BTC ETF prospectus by BlackRock, which added 5 major Wall Street firms as authorized participants, could be a result of significant inflows into spot funds since the beginning of January this year and a precursor to future growth. In this scenario, the BTC rate will only continue to rise. 
Additionally, analysts speculate that demand for Bitcoin ETFs will increase post-halving. ‘Miners may face a slight profitability reduction post-halving, but overall, they will remain in a profitable position,’ emphasized the researchers. 
BlackRock is an American financial company providing asset management services, including investment and pension funds, insurance companies, and others. BlackRock offers a wide range of products, including Exchange-Traded Funds (ETFs), stocks, and bonds. 
Founded in 1988 by Larry Fink, BlackRock is widely recognized in the investment and asset management industry. The company is based in New York and employs thousands of people worldwide. BlackRock manages enormous assets amounting to several trillion US dollars.

Altcoin Daily Experts Expect BTC Price Growth

Blocksays

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