Bitcoin
Bitcoin (BTC)
$63,787.00 2.09777
Bitcoin price
Ethereum
Ethereum (ETH)
$3,418.32 2.26606
Ethereum price
BNB
BNB (BNB)
$570.35 1.59346
BNB price
Solana
Solana (SOL)
$157.26 3.63237
Solana price
XRP
XRP (XRP)
$0.5457490 1.55282
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 8.75068
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.64874
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.8612
Bonk price
Bitcoin
Bitcoin (BTC)
$63,787.00 2.09777
Bitcoin price
Ethereum
Ethereum (ETH)
$3,418.32 2.26606
Ethereum price
BNB
BNB (BNB)
$570.35 1.59346
BNB price
Solana
Solana (SOL)
$157.26 3.63237
Solana price
XRP
XRP (XRP)
$0.5457490 1.55282
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 8.75068
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.64874
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.8612
Bonk price
Bitcoin
Bitcoin (BTC)
$63,787.00 2.09777
Bitcoin price
Ethereum
Ethereum (ETH)
$3,418.32 2.26606
Ethereum price
BNB
BNB (BNB)
$570.35 1.59346
BNB price
Solana
Solana (SOL)
$157.26 3.63237
Solana price
XRP
XRP (XRP)
$0.5457490 1.55282
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 8.75068
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.64874
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.8612
Bonk price
Bitcoin
Bitcoin (BTC)
$63,787.00 2.09777
Bitcoin price
Ethereum
Ethereum (ETH)
$3,418.32 2.26606
Ethereum price
BNB
BNB (BNB)
$570.35 1.59346
BNB price
Solana
Solana (SOL)
$157.26 3.63237
Solana price
XRP
XRP (XRP)
$0.5457490 1.55282
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 8.75068
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.64874
Pepe price
Bonk
Bonk (BONK)
$0.0000268 10.8612
Bonk price

Standard Chartered makes bold predictions for market after Bitcoin ETF approval

standard-chartered-makes-bold-predictions-for-market-after-bitcoin-etf-approval
Edited by
News
Standard Chartered makes bold predictions for market after Bitcoin ETF approval

Standard Chartered Bank anticipates a substantial influx of $50 to $100 billion into Bitcoin after approving spot ETFs, with industry experts speculating a decision by this week.

Standard Chartered Bank recently made a noteworthy prediction regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon approval of the investment product, expected in 2024.

The international banking giant’s forecast is based on the anticipation surrounding more than a dozen spot Bitcoin ETF applications currently under consideration by the U.S. Securities and Exchange Commission (SEC).

Industry experts are heightening their expectations for the imminent approval, with many speculating a decision by Wednesday. Standard Chartered’s projections extend beyond the immediate financial implications, suggesting a significant positive impact on Bitcoin’s market value (BTC) following ETF approval.

The bank is not alone in contemplating the potential ramifications of a spot Bitcoin ETF approval. The broader digital asset industry is enthusiastic, and stakeholders are closely watching developments unfold.

According to Standard Chartered, Bitcoin could not only witness substantial inflows but also achieve a remarkable price milestone of $200,000 by the end of 2025, surpassing its previous all-time high.