According to the latest report published by Standard Chartered, if spot Bitcoin ETFs are approved, the price of the asset could rally to $200,000 by the end of 2025. The bank’s analysts believe that by the end of 2024, exchange-traded funds will hold between 437,000 BTC and 1.32 million BTC, which equates to an inflow of between $50 billion and $100 billion into the market. If the forecast is met, the price of the crypto would experience a 4.3-fold increase from its current level. In addition, exchange-traded products related to BTC seem to show similar dynamics, but this has happened seven to eight years after the launch of the corresponding ETPs. The bank has explained: “We expect Bitcoin to enjoy price gains of a similar magnitude as a result of US spot ETF approval, but we see these gains materializing over a shorter (one- to two-year) period, given our view that the BTC ETF market will develop more quickly.”
