Bitcoin ETFs Expected to Trigger a $1 Trillion Surge in Crypto Market

Adekunle Joshua

CryptoQuant's recent report unveils the potential impact of Bitcoin spot ETFs

If approved, it could elevate Bitcoin's market cap to $900 billion and boost the crypto market by a monumental $1 trillion

Spot Bitcoin ETFs could reshape institutional involvement

Instead of adding Bitcoin to their balance sheets, financial institutions might enable clients to access Bitcoin through these ETFs, opening doors for massive investor exposure in the crypto market

Major US financial institutions have applied for regulatory approval to launch spot Bitcoin ETFs.

If granted by March 2024, these approvals could usher in a new era of cryptocurrency investment

Some US lawmakers are even urging the SEC to speed up the approval process.

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