Experts estimate that once a spot Bitcoin ETF is approved, up to $70 billion of new capital could flow into the Bitcoin market. The forecast is based on the assumption that 10% of the money currently invested in the main stock and bond ETFs will flow into the Bitcoin ETF.
The main influx of investment into Bitcoin ETFs is expected not only from the stock and bond market ($60.6 billion), but also from the gold market ($9.9 billion), experts believe. Even more conservative projections suggest billions of dollars could flow into the market in the early years.
In October, the digital asset market saw increased interest from institutional investors in cryptocurrencies. Bitcoin led the bullish trend, up 28% month-over-month and up over 108% year-to-date. Other cryptocurrencies, such as Solana, also posted impressive gains, pointing to a broader market recovery, Glassnode analysts wrote.
The Securities and Exchange Commission (SEC) must approve a Bitcoin ETF by mid-January.
Meanwhile, Bloomberg experts believe that the approval of exchange-traded funds for Bitcoin by the American regulator will be able to attract even up to $100 billion into the cryptocurrency industry. Thanks to this, such heavyweights of traditional finance as BlackRock, Fidelity and Invesco will be able to appear on the crypto market.
Bitcoin has the potential to become a global macro asset with a market capitalization of over $3 trillion, according to a new report from research firm Bernstein.
Source: Bits
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