Standard Chartered forecasts inflows of more than $50 billion into spot BTC-ETFs this year
GetBlock Magazine
Standard Chartered Bank (LON:STAN) believes that the admission of spot Bitcoin exchange-traded funds (ETFs) to the US market is a key factor for the growth of the asset price. As the bank's head of financial research, Jeffrey Kendrick, writes in a note to investors, the launch of such products will be a watershed moment, normalizing the participation of institutional investors in the crypto industry. This will lead to a large influx of funds into Bitcoin and, as a result, an increase in its value.
Material Decrypt
