Can Bitcoin Spot ETFs Unleash A Trillion-Dollar Crypto Boom? Here’s What Data Shows
Bitcoin (CRYPTO: BTC) is on the verge of blossoming into a $900 billion asset should the anticipated approval of spot exchange-traded funds (ETFs) come to fruition. That’s according to CoinDesk, citing data analytics firm CryptoQuant. The report also anticipates that the total crypto market will grow by $1 trillion if the Bitcoin spot ETFs are approved. This surge in valuation, underpinned by the potential endorsement of spot ETFs by the U.S. Securities and Exchange Commission (SEC), comes at an opportune moment. The discourse at Benzinga’s Future of Digital Assets conference on Nov. 14 is exp…