The prospect of spot Bitcoin ETFs has long been a dream for investors and traders alike. Amidst this anticipation, recent reports from esteemed data analytics platforms have set the crypto community abuzz, predicting a staggering $1 trillion market cap for crypto majors like Bitcoin, XRP, Ether, Solana, Cardano, and Shiba Inu if spot ETFs receive the green light.
A report, crafted by the experts at CryptoQuant delves into the historical context that has shaped Bitcoinâs market trajectory. The first wave of institutional adoption witnessed during Bitcoinâs historic bull run in 2021 saw institutions adding BTC to their balance sheets. According to CryptoQuant researchers, the next significant wave of adoption is already underway, marked by major Asset Under Management [AUM] entities making Bitcoin accessible to their clients through spot ETFs.
The only hurdle on this promising path seems to be approval from the US Securities and Exchange Commission [SEC], an obstacle that has kept the crypto community on edge. However, recent favourable court rulings in the GBTC and XRP lawsuits against the regulator have injected a newfound optimism into the market.
