Coinspeaker
Spot Bitcoin ETF Approvals to Boost Crypto Market Cap by $1T
CryptoQuant, a renowned blockchain analytics firm has shared what to expect once spot Bitcoin exchange-traded funds (ETFs) get approved. By its estimates, at least $155 billion will be added to Bitcoin’s market cap, thus making the cryptocurrency a $900 billion asset. This will, in turn, lead to the crypto market seeing a flow of at least $1 trillion, CryptoQuant surmises in its report.
Spot ETFs to Bolster Institutional Adoption
The comprehensive report by the data analytics firm details how the first wave of institutional adoption happened between 2020 to 2021. CryptoQuant recalled that this was the time when institutions began adding Bitcoin to their balance sheets. The firm then suggests that the next wave will likely happen through the approval of spot ETFs, with which financial institutions will be able to provide bitcoin access to their clients.
Presently, several major financial institutions are waiting
We współpracy z: https://www.coinspeaker.com/spot-bitcoin-etf-approvals-market-1t/
