The post BTC Price Forecast: Unveiling the Potential Price Soar of Bitcoin with Spot ETFs appeared first on Coinpedia Fintech News
The market has been abuzz with speculations regarding the impact of spot ETFs on the price of Bitcoin. Major financial institutions such as BlackRock and Fidelity have expressed interest in Bitcoin spot ETFs, leading to increased investor confidence and a surge in BTC prices.
According to Meltem Demirors, the chief strategy officer at coinShares, the rise in BTC price cannot be solely attributed to spot ETFs. Demirors highlighted that numerous prominent institutions in the United States are actively seeking ways to provide Bitcoin access to their clients, with over $27 trillion in client assets awaiting deployment.
BlackRock’s recent application for a Bitcoin ETF has played a crucial role in rebuilding investors’ trust in the market, especially after the Securities and Exchange Commission’s (SEC) lawsuits against major cryptocurrency platforms such as
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