As investors wait in anticipation for the official opening of stock markets, BlackRock's spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust, is already on the move during the so-called 'pre-market'. With just a few minutes left until its debut, the instrument rises almost 25%.
The 'pre-market' refers to the period of trading in the stock markets that occurs before the official market opening. During this period, investors have the opportunity to buy and sell shares on a "secondary" basis outside of regular hours.
In an analysis evaluating the consequences of the approval of the Bitcoin ETF, Bitget analyst Ryan Lee assured that "in an optimistic scenario, ETH could test the range of $3,000 to $3,500 on the upside. Depending on fund activity, market, it is expected to range mainly between 1,800 and 3,000 dollars" However, for the long term, the expert left a forecast that may excite investors: "It can be anticipated that the combined efforts of the market will lead ETH to reach all-time highs in 2024, exceeding $4,900 and pushing the price even further. minimum of the new ETH cycle to the range of 2,500 to 3,000 dollars.
How much will the price of Bitcoin reach? The CEO of the crypto company Jan3, Samson Mow, published on the social network However, digital asset experts and analysts predicted that its value could take a new unexpected leap and break a new record in the coming months.