Matrixport: Bitcoin could rise to $56,000 if BlackRock Bitcoin Spot ETF is approved

Odaily News Wu Jihan’s Singapore-based crypto financial services company Matrixport said in a report that if BlackRock’s spot Bitcoin ETF is approved by the US Securities and Exchange Commission, the price of Bitcoin may rise to between US$42,000 and US$56,000. between. Matrixport, through an analysis of 15,000 U.S.-registered investment advisers, estimated that about $12 billion to $24 billion worth of funds could flow into such ETFs. (The Block)