🎉The US has approved Bitcoin spot ETFs, allowing investors to access the cryptocurrency through traditional brokerage apps. This event has been reflected in the growth of altcoin capitalization.📈

At the beginning of the year, the volume of ERC20 stablecoins on exchanges was about $18 billion, and this week it reached $20 billion. CryptoQuant analysts believe that the influx of $2 billion indicates an increase in capital in the crypto market, which is affecting the prices of altcoins.

11 Bitcoin spot ETFs have generated trading volume of more than $4 billion since their debut. Grayscale accounts for the majority of this activity with $1.9 billion, followed by BlackRock and Fidelity Investments with $942 million and $628 million, respectively.

Bitcoin trading volume on the Coinbase platform hit a record $7.7 billion on January 11, while total trading volume on crypto exchanges was $52 billion, the highest since March 2023.

A report from Standard Chartered Bank predicts $50 billion to $100 billion in inflows into Bitcoin ETFs by 2024, which could be a catalyst for Bitcoin to reach $200,000 by the end of 2025.