Published by
Benzinga
Benzinga
On Friday, James Butterfill, the head of research at CoinShares, projected that a particular catalyst could potentially rally Bitcoin’s (CRYPTO: BTC) price by over 600%. What Happened: In a blog post, Butterfill shared about a potential price impact on the crypto market if a spot Bitcoin ETF is approved by the Securities and Exchange Commission (SEC).“One could assume that perhaps 10% invest in a spot Bitcoin ETF with an average allocation of 1%, which would equate to $14.4 billion of inflows in the first year. There does seem to be a relationship between inflows as a percentage of AUM (assets…