Bitcoin Could Attract $100B in Spot ETF Inflows: Standard Chartered

• Standard Chartered Predicts Massive Inflows into Bitcoin Following Spot ETF Approval
• Expectations of Product's Approval On The Rise
• Bitcoin Could See Between $50-$100 Billion in Spot ETF Inflows
• Possible Price Surge to $200,000 by End of 2025
• Industry Awaits Approval Expected This Week

Standard Chartered Predicts Massive Inflows into Bitcoin Following Spot ETF Approval

Standard Chartered, an international banking giant, recently projected a colossal influx of as much as $100 billion into Bitcoin$42,260 -0.64% via Spot ETF by 2024. This prediction is contingent on the approval of the investment product, a decision much anticipated by industry professionals.

Expectations of Product's Approval On The Rise

Expectations for the product's endorsement have been on a steady incline, with the predictions aiming for approval by the end of this week. Furthermore, Standard Chartered predicts a significant surge in the digital asset's price, following the approval of numerous Spot Bitcoin ETF applications currently under deliberation by the US Securities and Exchange Commission.

Bitcoin Could See Between $50-$100 Billion in Spot ETF Inflows

Standard Chartered Bank anticipates Bitcoin could witness Spot Bitcoin ETF inflows ranging from $50 to $100 billion. The bank also asserts that such an influx will have an enormous impact on the price of the digital asset in the coming year.

Possible Price Surge to $200,000 by End of 2025

Bitcoin's price could potentially hit the $200,000 mark by the end of 2025, according to the bank. This significant increase, though dependent on the approval of the Spot Bitcoin ETF, would far exceed Bitcoin's previous all-time high of $68,789.

Industry Awaits Approval Expected This Week

Approval of the Spot Bitcoin ETF is eagerly anticipated by industry insiders, with predictions pointing to a decision coming this week. Standard Chartered has included this imminent approval in their forecasts. However, the established deadline for reaching a decision is still noted as January 10th.

Edited by Jonathan Stoker