Bitcoin ETF Draws More Than $4 Billion in Day One, says Analyst

By: Nisha Kumari

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Jan 12, 2024

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Bitcoin prices have surged, more than doubling compared to last year, according to CoinDesk's Bitcoin Price Index.

Will ETF increase BTC price?

Samson Mow, CEO, JAN3 predicts BTC to reach $160,000 or even $1,000,000.

Experts opinion

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Experts believe there is the potential for a $3 billion influx in a single day and up to $55 billion over the next five years.

Potential inflow for BTC ETF ?

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ProShares Bitcoin Strategy ETF (BITO): $1.4bn VanEck Bitcoin Strategy ETF (XBTF): $63bn ProShares Short Bitcoin (BITI): $55bn

Best ETFs to invest

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Bernstein analysts predict that ETFs will manage 10% of the world's largest cryptocurrency's global supply, around $300 billion, within 5 years.

Future predictions

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PMorgan analysts identified Coinbase as a major beneficiary of the upcoming ETF surge, citing immediate gains in custody fees.

Top ETF beneficiary

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