Today's Top #3: Bitcoin Spot ETFs Could See $40.4B in Inflows Over First Two Years: Report
tldr; The article discusses the potential inflows into Bitcoin spot ETFs, with VanEck's analysts predicting over $40 billion in inflows over the first two years of trading if approved. They also forecast Bitcoin to hit a new all-time high in Q4 2024. The predictions are based on the relative ratios of the first gold ETF launched in 2004. VanEck also made other bold predictions, including Bitcoin reaching an all-time high in Q4 2024 and Ethereum failing to flip Bitcoin in value. The article highlights the growing convictions that a spot ETF will soon be approved by US regulators.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Posted Dec 9, 2023, 8:00 AM UTC
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