Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Cryptocurrency Crystal Ball 2024: Will Bitcoin ETFs Be a Game-Change?
ETHEREUM NEWS

Cryptocurrency Crystal Ball 2024: Will Bitcoin ETFs Be a Game-Change?

By Crypto FlexsDecember 31, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency Crystal Ball 2024: Will Bitcoin ETFs Be a Game-Change?
Share
Facebook Twitter LinkedIn Pinterest Email

In every way, cryptocurrency is at a crossroads. Across the markets, legal and regulatory environment, and Web3 startup ecosystem, there is little disagreement among industry leaders that 2024 could be one of the most important years for cryptocurrency. Whether these events will finally lift the industry out of winter and to new highs, or whether it will put it in jeopardy, remains another question.

But don’t panic, dear reader. Nothing can be certain about the future, especially when it comes to cryptocurrency.decryption We spoke with analysts in the finance, policy, and NFT fields to get a peek behind the scenes.

First: How much impact will spot Bitcoin ETFs really have?


The topic on everyone’s mind is the elusive, tantalizingly close, and potentially transformative spot Bitcoin ​​ETF. For years, the Securities and Exchange Commission (SEC) has prohibited mainstream financial institutions from creating these products. This allows traditional investors and businesses to gain exposure to Bitcoin without holding any cryptocurrencies.

once black stone However, entering the Bitcoin ETF race, all bets are off. I’m looking for it It becomes more and more likely The Wall Street giant is poised to succeed, with some analysts predicting that Bitcoin ETFs will be first in line to gain approval this year. second week of january. In anticipation of that event, BTC has risen more than 63% since October. Exceeded $44,000 last week.

But should we expect spot Bitcoin ETFs to swoop in once approved? deus ex machina– Flood cryptocurrencies in style with unlimited buckets of Wall Street cash? Not so fast, says John Palmer, chairman of Spot Cryptocurrency Clearing. cboe digital.

“I think it’s fantastic,” Palmer said. decryption Outlook for spot Bitcoin ETFs. “But how many new participants will there be?”

“Obviously there will be additional types of funds, pensions and retirement funds that would be willing to access this product,” Palmer continued. “But I believe there will be some who don’t because it’s still Bitcoin. So I don’t think it’s going to be an avalanche of flows.”

Palmer said the high expectations for the first year of the spot Bitcoin ETF market would be $10 billion to $15 billion worth of investments if the product is approved in January. Although significant, the numbers pale in comparison to Bitcoin. $859 billion Market capitalization.

Over time, Palmer believes that integrating traditional finance into the cryptocurrency market could have a meaningful impact on it. But those expecting to enter the new reality in February should probably hold off on their Bugatti down payments.

“It won’t be a light switch,” he said.

Crypto Crystal Ball is a series examining the hottest topics in the industry in 2024. Stay tuned for additional perspectives in the future.

Editor: Andrew Hayward

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Looking for an Affordable Crypto PR Agency? Here’s What to Know Before You Spend

July 3, 2025

Crypto PR Packages for Startups: What You Need & How to Choose the Right One

July 3, 2025

Cheap Crypto Press Release: How to Promote Your Project Without Overpaying

July 2, 2025

The Ultimate Guide to Crypto Public Relations Packages

July 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025
Most Popular

Ordinals-based Tap Protocol raises $4.2 million for Bitcoin development.

December 17, 2023

Dogecoin, Shiba Inu face sharp decline amid market correction

March 16, 2024

Ethereum Falls to 42-Month Low Against Bitcoin — Is the Bottom Near?

October 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.