After the hugely successful Bitcoin spot ETFs that launched earlier in 2024, we are now looking ahead to new launches that might bring even more capital into the crypto space.
"If you had told us two months ago that Bitcoin ETFs would witness such substantial net inflow so soon after their launch, we would not have believed you. Yet, this is our current reality. If this trend continues, it is hard to predict just how high the price of Bitcoin could go. It might sound like hype, but it is difficult to overstate the potential impact on Bitcoin’s price by these ETFs," writes Crypto Analyst Mads Eberhardt in his analysis on StenoResearch.com.
In October 2021, the SEC approved the first Bitcoin futures ETFs. These futures ETFs are based on contracts provided by the CME Group, unlike spot ETFs that hold actual bitcoins.
Crypto Analyst Mads Eberhardt predicts a 90% chance of a similar Ethereum Spot ETF being launched in 2024. Read the full analysis here: https://stenoresearch.com/crypto-moves/90-likelihood-of-an-ethereum-spot-etf-approval-this-year/