The bank also anticipates a potential flow on the lower side of its projection. On the opposite end, it foresees inflows reaching $130 billion, considering an estimated range of $50-100 billion in 2024 as reasonable.
Various applicants for spot bitcoin ETFs also envision substantial capital entering the market. For example, VanEck predicts $1 billion in inflows within the initial days and $2.4 billion within a quarter. Galaxy also forecasts inflows of $14 billion in the first year, while Bitwise looks ahead to a market size of approximately $72 billion within the next five years.
Standard Chartered: Bitcoin (BTC) Price at $200,000
As anticipation builds around the approval of Bitcoin spot ETF applications, Standard Chartered Bank has made a bold prediction, stating that the price of Bitcoin could surpass $200,000 by the end of 2025.
Furthermore, in a note to investors on Monday, Geoffrey Kendrick, the head of financial research at Standard Chartered Bank, expressed optimism, stating that if ETF-related inflows materialize as expected, a year-end 2025 level closer to $200,000 is conceivable.
This forecast aligns with the bank’s previous estimates, where they anticipated Bitcoin reaching $100,000 by the close of 2024.
BREAKING‼️Global banking giant Standard Chartered says $50-$100 BILLION could flow into #Bitcoin ETFs in 2024 pic.twitter.com/yQobJcs6EA
— Bitcoin Archive (@BTC_Archive) January 8, 2024
“ETF approval is a key driver of BTC price upside,” Kendrick said. “We see this as a watershed moment for normalizing Bitcoin participation by institutional money, and we expect approval to drive significant inflow and price upside for BTC.”
Kendrick’s statement reflects the bank’s confidence in the potential impact of approved Bitcoin ETFs on the cryptocurrency’s price trajectory. The financial world awaits developments in the ETF space, as these predictions hint at the transformative influence ETFs could exert on Bitcoin’s value in the coming years.
Source: https://www.coinspeaker.com/standard-chartered-100b-bitcoin-etf/