Amid Bitcoin's rally, the prospect of $1 trillion in market capitalization through Bitcoin spot ETFs has set the market abuzz.
In the midst of Bitcoin’s recent upswing, the notion of potentially adding $1 trillion to its market capitalization via Bitcoin spot ETFs has drawn significant attention from the market.finally surged past the critical $27,000 price threshold, an event that sparked excitement among traders and long-term holders alike.
This analysis anticipated that approximately $155 billion could flow into the BTC market once these ETFs are granted approval. A mere allocation of 1% of their AUM into Bitcoin ETFs could inject nearly $155 billion into the market, representing nearly one-third of the king coin’s current market capitalization.The mechanics of how new capital entering the market impacts Bitcoin’s market capitalization were evaluated. In particular, analysts looked at changes in realized capitalization.
A historical analysis depicted the evolution of Bitcoin’s market cap and realized cap. This data provided insights into the metrics during the peak periods of 2013, 2017, and 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New ETFs Riding Tesla’s Famous Volatility Arrive on Wall StreetExchange-traded funds offering investors betting on or against Tesla Inc. two times the returns of the volatile stock launched Thursday, after what seemed like a long-shot bid at winning regulatory approval.
Read more »
BTC’s bull run is on the cards but here’s why traders may have to wait for itWith Bitcoin ETF approvals getting closer as well as the fast-approaching next Bitcoin halving, one can’t help but wonder when the next BTC..
Read more »
Bitcoin treads water at $28,200 as analysts predict a pullback to the low $20k regionThe cryptocurrency market traded in a holding pattern on Wednesday, with analysts predicting a major pullback for Bitcoin before the end of 2023.
Read more »
Afternoon Gold Bitcoin and S&P 500 Podcast 20231018Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Bitcoin Spark presents new mining solutions for Android usersAddressing these concerns is BTCS, a hybrid blockchain that aims to make cryptocurrency mining more inclusive and viable for everyone...
Read more »
Tesla maintains $184 mln Bitcoin holdings: Q3 reportTesla's latest financial report confirms its unchanged Bitcoin holdings while revealing substantial growth in AI computing resources.
Read more »