Galaxy predicts 74% Bitcoin price increase first year after ETF launch By Cointelegraph
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Bitcoin’s (BTC) price will increase 74.1% in the first year after spot exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.
In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline.
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© Reuters.
Bitcoin’s (BTC) price will increase 74.1% in the first year after spot exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.
In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline.
Continue Reading on Cointelegraph
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