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CryptoQuant: If Bitcoin spot ETF is approved, cryptocurrency market value may increase by US$1 trillion
2023-10-18 05:43
Odaily News According to a model from blockchain analysis company CryptoQuant, if the Bitcoin spot ETF is approved, the market value of Bitcoin will reach US$900 billion, and the entire cryptocurrency market value will increase by US$1 trillion. CryptoQuant noted in the report that the first institutional adoption in 2020-2021 will be institutions adding Bitcoin to their balance sheets, while the next wave of adoption may be financial institutions offering Bitcoin trading to customers through spot ETFs. (CoinDesk)
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