Even if the filings for Bitcoin spot ETFs are rejected, Lee predicts Bitcoin’s halving event will still push up BTC’s price — but not to six figures. The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs)…
Read more
Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks. Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to CoinShares, as the cryptocurrency continues to hit new highs for 2023. In a July 3 report from CoinShares’ head of research James Butterfill, the…
Read more
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.” Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have…
Read more
