Spot Bitcoin ETFs: Potential Risks, $100 Billion Inflow, and Predicted Price Surge to $160K
December 21, 2023Coinbase researchers have identified potential risks with the launch of Bitcoin ETFs in the US.
BlackRock, Nasdaq, and the SEC are engaged in discussions about rule changes.
Bitcoin's price has reached $44.2K and is predicted to hit $160,000.
The SEC is expected to approve a Bitcoin Spot ETF, leading to a potential $100 billion inflow into Bitcoin.
BlackRock and Fidelity have submitted applications for spot ETFs.
Bitwise has launched a media campaign for the Bitcoin Spot ETF.
Bitcoin's price is predicted to surge to $50,000 in 2024 due to potential approval of Bitcoin spot ETFs.
Concerns about centralization and loss of privacy have been raised.
The SEC is evaluating the viability of spot Bitcoin ETFs and a decision on BlackRock's ETF is expected by January 10.
Fund managers are confident in approval and are launching advertisements.
Bitcoin's price has increased by 2.5% and investors are targeting the $50,000 resistance level.
The push for Bitcoin ETF approvals is intensifying.
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