VanEck analysts predict that Bitcoin exchange-traded funds will attract more than $2.4 billion in the first quarter of 2024. This is when US authorities will presumably begin to approve applications for spot Bitcoin ETFs.

Experts are confident that the price of Bitcoin will remain strong. In January-March 2024, the rate of the world’s first cryptocurrency is unlikely to fall below $30,000, VanEck experts are sure.

The upcoming Bitcoin halving in April 2024 will go smoothly with a subsequent price increase, analysts say. The price of Bitcoin will reach its new all-time high at the end of 2024, which will coincide with significant global political changes.

The report also states that in 2024, blockchain games will reach an important milestone, exceeding 1 million daily active users. Solana is predicted to be one of the top 3 cryptocurrencies by market capitalization.

Meanwhile, a new report from analytics company Glassnode notes significant volumes of funds flowing on cryptocurrency exchanges, which may indicate that institutional investors are preparing for spot ETFs. Glassnode analysts noted that at the beginning of the year, the volume of bitcoins deposited and withdrawn on cryptocurrency exchanges averaged $930 million, but now the figure has increased to $3 billion.

Amid expectations of approval of spot ETFs for Bitcoin and Ethereum by US regulators, Internet giant Google announced that it is going to allow advertising of cryptocurrency ETFs as early as 2024.