Here's a breakdown of potential scenarios if the #Bitcoin and #Ethereum spot ETF applications are approved by the SEC on January 10, 2024.

A spot ETF approval would provide easier access for institutional investors, significantly boosting demand and potentially driving prices of #Bitcoin and #Ethereum higher. Blackrock alone manages US$ 10 trillion worth of assets. If they were to direct 0.5% to 1% of these funds towards Bitcoin and #Ethereum that would mean US$ 5Bn to US$ 10Bn of fresh capital being invested in Bitcoin and Ethereum. That would only be the start! and then there are the other 12 asset managers who have made applications for spot ETF's such as Franklin Templeton, Invesco, Fidelity Investments, Ark Investments/21 shares, VanEck, etc.

Looking at the all-time high prices of Bitcoin and Ethereum - I would say they are highly underpriced at the moment. What do you think?

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