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Spot Bitcoin ETFs could bring in as much as $100 billion in inflows over next five years

2023-11-01 15:40 Wednesday

Ryan Rasmussen, an analyst at asset management company Bitwise, said in an interview that spot Bitcoin ETFs could bring in inflows of up to $50 billion to $100 billion in the next five years and could have a huge impact on Bitcoin prices.

He also said that the SEC is expected to approve the ETF application as early as this December holiday, and Bitwise is one of the many applicants.