The post Here’s How Bitcoin Price Could React If Bitcoin ETF Gets Green Light appeared first on Coinpedia Fintech News
Traders are closely monitoring the U.S. SEC’s decision regarding Bitcoin (BTC) ETF proposals from various institutions. Notably, BlackRock, the world’s largest asset manager, submitted its BTC ETF application in June 2023. This move aligns with other applicants such as WisdomTree and Invesco from the traditional finance sector, who are also seeking approval for their ETF proposals.
Potential Impact of ETF Approval on Bitcoin Price
“If the Spot #Bitcoin ETF gets approved … the clearing price of $BTC is above $150,000.” – Tom Lee @fundstrat pic.twitter.com/ILQZqdjsZA
— Michael Saylor (@saylor) August 16, 2023
Financial analyst Tom Lee recently shared his insights on the potential impact of ETF approval on Bitcoin’s price. Lee, a CNBC contributor, suggested that if the spot Bitcoin ETF gains approval, the resulting demand could outstrip the daily suppl
We współpracy z: https://coinpedia.org/bitcoin/bitcoin-price-prediction-if-spot-bitcoin-etf-gets-approved-heres-what-traders-can-expect/
