โ๏ธ๐Market Transformation ๐ฝ๐๐๐พ๐๐๐ Can Increase By 1 Trillion ๐๐๐ฟ After Launching ๐๐๐ Spot Delivery.
โ๏ธAccording to ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค๐๐ช๐๐ฃ๐ฉ's most recent analysis, the introduction of spot ๐๐๐ could lead to a significant increase of up to 1 trillion ๐๐๐ฟ in Bitcoin's market capitalization.
โ๏ธThere is a possibility that ๐ฝ๐๐ฉ๐๐ค๐๐ฃ will increase significantly by 165% when introducing spot ๐๐๐.
โ๏ธ๐Just the other day, the dissemination of misinformation about iShares endorsement of #bitcoin spot #ETF caused a significant impact in the industry, leading to a significant increase in the value of several cryptocurrencies . During this boom period, the value of ๐ฝ๐๐พ reached nearly 30,000 ๐๐๐ฟ.
โ๏ธ๐๐ช๐ฎ However, when the market became aware of the veracity of this statement, the asset quickly returned to the level it had reached before the spike. Although the gains were short-lived, this rally provided a glimpse into the potentially strong reaction the market may exhibit to the launch of the (๐๐๐) Fund.
This particular exchange-traded fund is just one example, although there are countless such funds currently awaiting approval. What will the market look like after all these Exchange Traded Funds (๐๐๐) are introduced?
On-chain analytics company ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค๐๐ช๐๐ฃ๐ฉ looked extensively at this topic in its recent article.
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#Cryptocurency #ETFs #SEC #XAUUSD #BTC
