Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

Spot Bitcoin ETFs May See $4 Billion Inflows on Day 1 of Trading: Bloomberg Analyst

by
January 11, 2024
in Investing
0
Spot Bitcoin ETFs May See $4 Billion Inflows on Day 1 of Trading: Bloomberg Analyst

Source: Adobe / Backcountry Media

Analysts are anticipating a substantial influx of $4 billion on the first day of trading for Spot Bitcoin ETFs in the U.S. The US Securities and Exchange Commission (SEC) finally granted official approval to 11 Spot Bitcoin ETFs in a historic decision.

With issuers gearing up for imminent trading that is slated to commence on Thursday morning, significant market inflows are expected for this new investment product.

$2 Billion Inflows Expected From BlackRock


As per Bloomberg’s analysts, a significant portion, approximately $2 billion, of the anticipated $4 billion inflows could originate from BlackRock’s Bitcoin ETF.

The SEC’s green light marks a historic moment for the digital asset sector, given the long-standing anticipation and numerous Spot Bitcoin ETF applications awaiting regulatory approval. The outcome of crucial lawsuits and prevailing sentiments had already hinted at an imminent approval.

@BlackRock may break the first-day flow record with a possible $2 billion asset injection on the first day of trading for its US spot Bitcoin ETF, according to BI’s senior ETF analyst @EricBalchunas Seed funding could combine with grassroots interest to give it momentum in a… pic.twitter.com/cjUoSzsqgt

— Bloomberg Intelligence (@BBGIntelligence) January 10, 2024

The approval, materializing on January 10th, the deadline for the SEC’s decision, swiftly paves the way for trading within 24 hours.

The projections extend further, with Bloomberg anticipating the accumulation of $50 billion in assets within the first two years of the investment product’s existence.

Fund Managers Get Access to Bitcoin


The 11 approved Spot Bitcoin ETFs are issued by prominent asset management firms such as Fidelity, Franklin Templeton, and BlackRock, signifying a concerted industry effort.

While expectations run high, the impact of these Bitcoin funds is poised to be significant, marking a new chapter in the cryptocurrency investment landscape. As the market eagerly awaits the unfolding of events, the spotlight remains on the potential influence and success trajectory of these recently approved investment products.

As reported earlier, Fundtart’s Tom Lee predicted that Bitcoin’s price could see $150,000 within the next 12 months post ETF approval and $500,000 in the next five years. Several others have also made highly bullish predictions on Bitcoin’s price based on projections around how much funds will flow into Bitcoin ETFs.

The post Spot Bitcoin ETFs May See $4 Billion Inflows on Day 1 of Trading: Bloomberg Analyst appeared first on Cryptonews.

Previous Post

Bitwise to Donate 10% of Spot Bitcoin ETF Profits to Open-Source Bitcoin Development

Next Post

Spot Bitcoin ETFs Approved: Here’s How Crypto Executives Reacted

Next Post
Spot Bitcoin ETFs Approved: Here’s How Crypto Executives Reacted

Spot Bitcoin ETFs Approved: Here’s How Crypto Executives Reacted

Subscribe to Simplemoneygoal.com

    Suriname parliament elects first female president
    Economy

    Suriname parliament elects first female president

    July 6, 2025
    Israel carries out first strikes against Houthi targets in Yemen since Israel-Iran ceasefire
    Economy

    Israel carries out first strikes against Houthi targets in Yemen since Israel-Iran ceasefire

    July 6, 2025
    Wildfires sweep through forests in drought-hit Syrian coast in major test for new government
    Economy

    Wildfires sweep through forests in drought-hit Syrian coast in major test for new government

    July 6, 2025
    Calls are mounting to ban Germany’s far-right AfD party – despite it being more popular than ever
    Economy

    Calls are mounting to ban Germany’s far-right AfD party – despite it being more popular than ever

    July 6, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.