Bitcoin spot ETF approval could increase the market capitalization by $1 trillion, driving the next wave of BTC adoption. The researcher anticipates a launch on March 2024 latest attributed to favorable court rulings for Grayscale and XRP legal fights. A $155 billion injection to BTC could increase Bitcoin market capitalization by $450 to $900 billion based on historical relationships. search at CryptoQuant, potentially driving the next wave of institutional adoption for BTC.
A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years. Is Bitcoin spot ETF approved? Bitcoin spot ETF has been approved outside the US, but the SEC is yet to approve one in the country.