Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, H...
Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024....
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In a recent development, analysts at asset management firm Bernstein have predicted when the US Securities and Exchange Commission (SEC) will likely approve the first Spot Bitcoin ETF. When Will The First Spot Bitcoin ETF Be Approved? According to the analysts, the pending Spot Bitcoin ETF applications could be approved early next year. They made this projection in line with the recent court ruling in the Grayscale case, which they believe could force the SEC’s hands. Related Reading: $200 Million In Crypto Lost As Mixin Network Comes Under Attack The court had ruled in favor of Grayscale....
Crypto analyst Jungle has revealed what to expect if the SEC approves the XRP ETFs. He predicts that these funds could have a similar effect on XRP, just the way the Bitcoin ETFs did on BTC. What Happens If The XRP ETFs Get Approved In an X post, Jungle stated that if a spot XRP […]
More crypto spot ETFs are a near certainty, according to analysts, which means we may see Dogecoin, Solana, and XRP approved by the end of 2025. James Seyffart joined the hype to announce that the approval odds for the spot crypto ETFs just went above 90%. This comes just two days after Bloomberg analyst, Eric […]
Data shows Bitcoin spot exchange-traded funds (ETFs) have seen netflows flip red, implying a slowdown in demand among institutions. Bitcoin Spot ETFs Have Switched To Net Outflows Recently In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the netflow of the US Bitcoin spot ETFs. The spot […]
As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. Related Reading: Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In ETF Launch to Begin a New Era for Ethereum Ethereum has lagged behind Bitcoin in performance over the last year, with the former surging 67% while the....