Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Standard Chartered Predicts $100B Inflows in Bitcoin ETF This Year, $200K Price Target

Standard Chartered Predicts $100B Inflows in Bitcoin ETF This Year, $200K Price Target

CointimeCointime2024/01/09 11:14
By:Cointime

Standard Chartered Bank predicts that the Securities and Exchange Commission (SEC) will approve spot bitcoin exchange-traded funds (ETFs) this week, potentially leading to inflows ranging from $50 to $100 billion throughout the year. The bank compares the introduction of spot bitcoin ETFs to the transformative impact of gold ETFs and expects a similar revolution in investor access to the bitcoin market. Standard Chartered Bank also predicts that the price of bitcoin could surpass $200,000 by the end of 2025 if ETF-related inflows materialize as expected. The bank's analysts believe that ETF approval is a key driver of bitcoin price upside and expect approval to drive significant inflow and price upside for bitcoin.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Navigating crypto exposures in a volatile world

While BTC’s year-to-date price drop resembles that of the S&P 500, some crypto stocks have fared way worse

Blockworks2025/04/17 00:11

SOL remains bullish amid broader market stagnation

The asset surged over the past seven days to reach its highest-ever weekly close on the SOL/ETH pair

Blockworks2025/04/17 00:11

Ripple XRP vs.SEC Legal Case to Close Soon

Cryptotimes2025/04/16 21:22