What if a Spot Bitcoin ETF Was Approved? Galaxy Digital Foresees Inflows in the First Year

Galaxy Digital, the crypto venture led by U.S. billionaire Mike Novogratz, has projected a substantial capital influx into spot Bitcoin exchange-traded funds . According to the estimations, these ETFs could witness an impressive $14.4 billion in inflows during their inaugural year, potentially reshaping the investment landscape.that the allure of spot Bitcoin ETFs surpasses existing investment avenues, such as trusts and futures, which currently hold assets valued at over $21 billion.

Meanwhile, recent market dynamics have demonstrated the demand for Bitcoin-based financial products. A mere rumor in the previous week led to an unprecedented 10% surge in Bitcoin prices within hours. Furthermore, the mere mention of BlackRock’s proposed Bitcoin ETF catalyzed a 12% upswing on Monday, compellingly showing the market’s responsiveness to ETF developments.Galaxy Digital’s projection of a $14.

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