Bitcoin ETFs Before Approval – What Could Happen Afterwards?

From the perspective of many analysts, Bitcoin ETFs are about to be approved by the US Securities and Exchange Commission (SEC). A decision could come today or tomorrow. What happens to Bitcoin if ETFs come true?

Bitcoin (BTC) was trading around $47,000 on Tuesday night, at a level that investors last saw at the beginning of 2022. The current momentum comes from the fact that experts and market participants expect Bitcoin ETFs to be approved in the USA soon. The US Securities and Exchange Commission is likely to vote on it today or tomorrow.

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With Bitcoin ETFs on regulated US exchanges, an influx of institutional capital and increased interest in the crypto reserve currency is expected. Let’s take a look at four forecasts:

– VanEck wants to issue a Bitcoin ETF in the USA. In a market analysis , VanEck writes that with the introduction of Bitcoin ETFs, around $1 billion in investments are expected in the first three months. Up to $40 billion could flow into Bitcoin ETFs over the first two years. A new all-time high is still possible for Bitcoin at the end of 2024.

– Galaxy is also one of the applicants for a Bitcoin ETF. The experts presented a report on the influences of such a BTC financial instrument in October 2023 . Their forecast: In the first year, Bitcoin ETFs are likely to attract a good 14 billion US dollars in capital, and in the third year almost 39 billion US dollars are realistic.

– Bitwise also wants to place a Bitcoin ETF. Bitwise analyst Ryan Rasmussen expects an inflow of $72 billion into Bitcoin ETFs in the first five years after their approval.

– The bank Standard Chartered is sticking to its forecast of a Bitcoin price at the magic mark of 100,000 US dollars by the end of the year. It expects Bitcoin ETFs to generate between $50 and $100 billion in capital inflows into BTC by the end of 2024.

Conclusion: Bitcoin ETFs – the optimism for BTC is tangible

Nobody in the crypto scene currently wants to think about the possibility that the powerful SEC will pull the ripcord when it comes to Bitcoin ETFs. Instead, people are eagerly calculating how positive Bitcoin ETFs are likely to be for the price development of BTC.

From an expert perspective, a negative influence of Bitcoin ETFs on “digital gold” seems to be ruled out, even if some effects have probably already been priced in.

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