📈Bitcoin Forecast💰💸💶
❗️If eight companies involved in blockchain and tokenization invest just 5% of their assets under management (AUM) into Bitcoin, the price of the leading cryptocurrency could rise to $310,000.
🔈I should remind you that several companies, including investment giants like BlackRock, Fidelity, Invesco, Wisdom Tree, and others, have filed applications with the SEC (Securities and Exchange Commission) to launch Bitcoin spot Exchange-Traded Funds (ETFs).
🔊Launching Bitcoin spot ETFs would allow investors to access the cryptocurrency market without needing to directly own the underlying asset.
However, the SEC stated that the submitted applications are not clear and complete enough. The companies can reapply, taking into account the requirements presented, particularly they must have a "joint supervision agreement" or provide sufficient information about the details of monitoring mechanisms.
🕒Almost simultaneously, it was known that two major European banks, Germany's Deutsche Bank and Crédit Agricole, received a license to provide services in the digital assets field.
As we know…The ETF was approved this year.
