Analysts estimate that in the first year of the Bitcoin ETF's existence, investment inflows could reach more than $14 billion, in the second year it could increase to $27 billion and grow to $39 billion by the third year. Approval of a Bitcoin spot ETF could attract $14.4 billion in investment in the first year of its existence, potentially leading to a 74% increase in the digital currency, according to a report from Galaxy Digital. Why the Bitcoin Spot ETF is So Important Various ETFs, including gold, have trillions of dollars in assets under management. It is generally accepted in the cryptocurrency community that even a small percentage of this capital can have an impact on the global crypto market in the future. If spot bitcoin ETFs are approved, the demand for cryptocurrency will increase: when purchasing shares of funds, it is implied the supply of bitcoin as an underlying asset, that is, its direct purchase on the market, affecting the rate. According to the authors of the report, in the second year of the instrument’s existence, the influx of investments may increase to $27 billion and grow to $39 billion by the third year.rbc.groupExperts believe that ETFs could be a better investment vehicle for investors compared to the trusts and futures offered in the market at the moment. Current products have significant disadvantages, such as high fees, low liquidity and inaccessibility to a wide range of investors. An ETF, on the other hand, could be suitable for anyone who wants to start trading digital currency without actually owning it. “The asset management industry in the US is likely to be the most promising market to gain access to Bitcoin ETF trading. As of October 2023, the total capitalization of assets under management of US brokers, banks and other private companies is $48.3 trillion,” the report says. Instruments based on Bitcoin ETFs will allow investors to gain access to digital currency through an approved list of partner companies, including mainly consisting of investment funds and banks with a good reputation, analysts at Galaxy Digital conclude. Galaxy Digital is a digital asset management company founded by Mike Novogratz in 2018 after leaving Goldman Sachs. In April of this year, the entrepreneur predicted that Bitcoin would rise to $40 thousand if the US Federal Reserve System (FRS) began to lower rates. Several large financial institutions have already submitted applications to launch Bitcoin ETFs, and the first of them may be approved in the first quarter of 2024 of the year. According to CryptoQuant analysts, if issuers invest 1% of their assets in these ETFs, the price of Bitcoin could increase to $50-70 thousand.

Cryptanalyst PlanB sank his yacht along with all the BTC. It is not clear why he took the crypto wallet with him, maybe he was sailing to El Salvador ⛵️The Bitcoin ETF ticker from BlackRock first disappeared, and then returned to the DTCC depository website, but already marked N - “not launched.” Interestingly, DTCC added the IBTC ticker back in August, but only promoted the story the night before last. And yes, it does not affect the approval of Bitcoin ETF in any way 😳But the Bitcoin ETF ticker from ARK Invest never appeared on DTCC - this news turned out to be fake 😕The BTC fear and greed index soared to 72 and this is the maximum greed since the fall of 2021. But the altcoin season index shows only 12 points, because the main capital is aimed at BTC, and its market share has already grown to 53.2% 🤑

Leading cryptocurrency exchange Binance has rebranded its well-known news platform Binance Feed into a social platform called Binance Square. Launched in October 2022, the Binance Feed platform was originally designed as a competitor to Twitter, providing users with a clearer understanding of the cryptocurrency market, including enhanced educational features that make it easier learning and understanding cryptocurrency assets. Changpeng Zhao (CZ), CEO of Binance, sees Binance Square not just as a platform, but as an ideal platform focused on community and knowledge sharing in the dynamic world of Web3. And the numbers don't lie. With over 10 million monthly active users and a variety of trending topics tagged with over 30,000 hashtags, Binance Square's presence is undeniable. “I have always believed that blockchain technology can help improve social platforms as we know them today. Binance Square is an early but promising example of this. This is just the beginning of what blockchain-based social platforms can bring to people and creators, and more can be done to find solutions to problems such as spam, fraud and authentication. Our goal at Binance is to continue to innovate and find meaningful ways to realize more profitable use cases for blockchain and cryptocurrency,” added CZ. The social platform will continue to host trending topics from the cryptocurrency ecosystem and Web3, as well as use user-generated content. With over 170 media partners, 11,500 KOLs, and 90 projects on the platform as of September 30, Binance appears to be strategically positioning itself to create a robust social platform that is future-proofed. Today, a large segment of the Binance user community is not only absorbing information , but also creates it. They have the tools at their fingertips to initiate, shape and lead the powerful conversations that permeate the platform. “Binance Square has always been committed to creating a community-focused social platform, and today's announcement is a step in the right direction. We've created an accessible and inclusive platform for knowledge sharing in Web3 and the crypto space and are excited to have more people join us. Many people, including myself, are already on the platform to take part in some of the most important discussions on Web3."However, change does not end with simple dialogue. Binance Square is also exploring innovative financial tools tailored to its community. The creators of the platform now have the luxury of a unique tipping system - a gesture of gratitude from the audience.

The Matrixport company published an analytical report in which it spoke about the growing FOMO effect in the cryptocurrency market. According to experts, by the end of the year the price of Bitcoin could reach $45 thousand. Analysts refer to their own trading indicators, which allow them to successfully predict prices for digital assets. Last week, Matrixport predicted an influx of liquidity into the cryptocurrency market if a Bitcoin ETF is approved, which could lead to an increase in the price of Bitcoin to $42-56 thousand.