- Inflows of $10 billion in 2024 and $60 billion in 2025 are anticipated in spot Bitcoin ETFs.
- Since January, Bitcoin ETFs have attracted more than $9.5 billion, demonstrating their popularity and acceptance in the market.
AllianceBernstein has projected that Bitcoin could reach a value of $150,000, based on the flow of capital into recently approved Bitcoin exchange-traded funds (ETFs). The firm indicates that this increase in Bitcoin’s value is due to the significant volume of money being invested in these new ETFs.
As we have elaborated on ETHNews, the U.S. Securities and Exchange Commission (SEC) gave the green light to 11 spot Bitcoin ETFs in January, a decision that has captured the attention of the financial market, resulting in hundreds of millions of dollars being invested in these funds on a consistent basis every day.
From the firm, it has been estimated that$10 billion worth ofinflows into these ETFswill be recorded by 2024, followed by an expected $60 billion by 2025.
“Since the ETF’s debut on January 10, in just 40 days of trading, more than $9.5 billion in investments have already been recorded,” noted from AllianceBernstein.
The SEC’s decision to approve the 11 spot Bitcoin ETFs after years of applications by various financial institutions has marked a before and after in the industry. These funds have proven to be extremely popular, with large sums of money coming in daily, as we have covered in ETHNews.
AllianceBernstein’s projection of Bitcoin’s valuepotential reflects confidence in the cryptocurrency and its ability to scale to new highs in terms of value and acceptance.
Bitcoin (BTC)current price is approximately $71,608.38 USD, up $3,000.20 ( 4.37%) in the last reporting period. It has experienced a price range during the day of $71,493.28 to $72,460.30, reaching a 52-week range of $23,964.91 to $72,460.30.
