Spot Bitcoin (BTC) ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says

CryptoQuant says that if the issuers that have applied to list bitcoin ETFs put 1% of their Assets Under Management (AUM) to these ETFs, approximately $155 billion could enter the bitcoin market. This represents almost a third of bitcoin’s current market capitalization. Should this scenario take place, it would hypothetically push bitcoin’s price to between $50,000 and $73,000.

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