- Standard Chartered Bank predicts that a spot bitcoin ETF approval could bring $50-100 billion into the bitcoin market in 2024.
- Standard Chartered also forecasts that a spot ETF could trigger a 165% bitcoin price surge to $200,000 by end of 2025.
- The potential impacts show why many see an ETF approval as a major moment for bitcoin, as it could rapidly accelerate adoption and mainstream credibility.
The anticipation surrounding a bitcoin spot ETF continues to build as the SEC weighs approval. A spot bitcoin ETF would allow investors to gain direct exposure to the cryptocurrency without having to hold it themselves. According to a new prediction from Standard Chartered Bank, the impact on bitcoin’s price and market could be massive.
Standard Chartered Predicts $50-100 Billion in Inflows
Standard Chartered believes a spot bitcoin ETF approval could bring between $50-100 billion into the market in 2024. The bank cited this potential influx as a key reason they see bitcoin reaching $200,000 by the end of 2025.
Many expect the SEC to approve one of the spot bitcoin ETF applications currently under review as soon as this week. The deadline for a decision is January 10th.
Massive Price Increase Expected
In addition to the predicted inflows, Standard Chartered believes a spot ETF would trigger a significant price increase. They forecast bitcoin could surge 165% from current levels to hit $200,000 by the end of 2025.
This would represent a new all-time high for bitcoin, well above the previous peak of around $69,000. The influx of new investment along with increased mainstream credibility is expected to drive this rapid appreciation.
The Potential Impact
The potential impacts highlighted by Standard Chartered illustrate why many see an ETF as a watershed moment for Bitcoin. Increased access and credibility could rapidly accelerate adoption and inflows.
If even a fraction of the $50-100 billion predicted by the bank enters the market, it would represent a major influx of new capital. This would likely have ripple effects throughout the broader crypto industry as well.