Spot ETF Approvals Will See BTC Value Rising to $50,000 in January🚀🚀🚀🚀🚀💵💵💵

The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial services platform said the approval of ETFs, combined with bitcoin halving, will likely see the price of BTC rising to $125,000.

Despite the crypto asset’s 160% growth in 2023, many experts still expect BTC to surge when the SEC eventually approves spot bitcoin ETF applications by the likes of Blackrock and Fidelity. Initial reports suggesting that the SEC planned to approve the ETFs on Jan. 2 or 3 are believed to have fueled BTC’s mini rally which saw it breach the $45,000 mark for the first time in two years.

Impact of Bitcoin Halving

Although some experts have suggested that the current value of the top crypto asset already factors in the impact of SEC approvals, Matrixport’s market preview suggests that an expected $24-50 billion dollars of inflows will spark a new BTC rally. The crypto financial services platform said the approval of ETFs, combined with bitcoin halving, will likely see the price of BTC rising to $125,000.