Three Possible Scenarios for Bitcoin ETFs in 2024

Bitcoin exchange-traded funds (ETFs) may be trading in the U.S., making it easier for traditional investors to access them

The SEC had rejected it for 10 years before, and this time it is expected to have a 90% chance of approval. These three scenarios may occur:

First, failure to obtain approval will shock the market, but experts believe that the possibility is small.

Second, 14 companies sought approval, and funds were either dispersed or flowed to Grayscale’s GBTC.

Third, although we are optimistic about ETFs in the long term, initial flows may be calm. The market may gradually see an influx of funds after approval, but it will not immediately trigger explosive prices.

What do you think?