Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20

XRP Price Eyes Winins, but technically suggests that upsides can be limited

2025-05-20

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»How High Can Bitcoin’s Price Rise Due to Spot ETFs?
Bitcoin

How High Can Bitcoin’s Price Rise Due to Spot ETFs?

2023-06-27No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The recent Bitcoin rally has led to speculation that the price could rise further with the introduction of spot ETFs. The arrival of ETFs, especially from reputable companies such as BlackRock and Fidelity, could boost institutional investor confidence and lead to an increase in Bitcoin price. However, the million dollar question is: how high? Clues to answering this question can come from a variety of statistics and data.

One of those data points was as long as yesterday by CoinShares’ Chief Strategy Officer Meltem Demirors via Twitter. As she writes, the Bitcoin mockery ETF news is not the only story. Many of the largest financial institutions in the US are currently actively working to provide access to BTC and more. In all, more than $27 trillion in client assets are waiting on the sidelines.

Bitcoin AUM from institutions
Institutions build infrastructure for Bitcoin | Source: Twitter @Melt_Dem

With BlackRock, the world’s largest asset manager has filed a Bitcoin ETF application. Rumor has it that the number three in the world, Fidelity Investments, is also flirting with a Bitcoin ETF. Bitcoin ETF applications from Invesco and WisdomTree (both top 10 ETFs) are a fact.

How High Can Bitcoin Rise? Highest ever? Quadruple?

If just a fraction of the $27 trillion in client money managed by the largest asset managers went into bitcoin spot ETFs, the impact on price would be gigantic. Just 1% would amount to more than $270 billion (rather more because not all Bitcoin ETF applicants are included in the chart). For comparison, Bitcoin’s market cap is currently $590 billion.

As NewsBTC reported two weeks ago, the performance of the gold price after the first gold ETF in November 2004 could also provide a benchmark for a glimpse into the future. The launch of the first gold ETFs led to a fantastic gold rally. While the price of gold was $400 at the time of approval, it reached $600 in 2006 and $800 in 2008. Seven years after approval, in 2011, gold reached its provisional high of nearly $2,000 (+359%).

See also  'Honderden miljarden in BTC' - Wat Bitcoin ETF's voor de markt betekenen

Renowned expert Will Clemente noticed via Twitter:

Shown below is when GLD launched, giving investors easy access to gold exposure. If/when Blackrock’s (which has 99% ETF approval) launches Bitcoin ETF (very similar structure to GLD), expect similar price action as it unlocks access to Bitcoin exposure for the masses.

Bitcoin vs gold
Bitcoin vs Gold Price | Source: Twitter @WClementeIII

Since Bitcoin is the digital gold of the 21st century, it is also worth comparing the market caps of both assets. While BTC is at $590 billion, gold market capitalization is around $12 trillion.

If Bitcoin gained just 10% of gold’s market share (about $1.2 trillion), it would double BTC’s current market cap and, simply put, double Bitcoin’s current price. That this goal is by no means impossible is evidenced by BTC’s all-time high of around $67,000 at the end of 2021, when its market cap was already around $1.2 trillion.

Another measure is the total market capitalization of the global stock market of over $100 trillion. Apple accounts for about 3% of this. So the company is five times as capitalized as Bitcoin.

One factor that should also be considered when setting the price is the supply side. As expert Alessandro Ottaviani writes, BlackRock and Fidelity would only need to move 0.3% of their assets under management to Bitcoin to buy all existing BTC on the exchanges at the current price.

The on-chain analytics service Glassnode has published research on this. The analysts write that after a period of weaker relative US demand, there will be an upturn in 2023. This comes up against a very illiquid market.

See also  Bitcoin Whales Start Cashing Out: Should You Hit the Panic Button?

Currently, there is an ongoing transfer of wealth to HODLers as more and more coins are withdrawn from exchanges. According to Glassnode, there are currently only 2.28 million BTC left on exchanges (11.9% of the circulating supply), a short-term supply of 2.65 BTC (13.6% of the circulating supply), while 14.47 BTC in the owned by long-term holders (74.5% of circulating supply).

The supply side of Bitcoin
The supply side of Bitcoin | Source: Glassnode

All the above stats and data suggest that Bitcoin is facing a massive bull run led by institutions. However, there is no guarantee for this. One thing to consider is that the US Securities and Exchange Commission could reject Bitcoin spot ETFs despite BlackRock’s fantastic success rate.

On the other hand, BlackRock and others need to buy BTC on the spot market to have a direct impact on the price. But one possibility is that BlackRock could buy Bitcoin over-the-counter (OTC). For example, the asset manager can buy over-the-counter BTC seized by the US government (more than 200,000).

This can lead to a “buy the rumor, sell the news” event. But even if they bought over-the-counter from the US, it could be beneficial in the long run as it means the US government will no longer be selling its BTC on the open market as it has in the past.

At the time of writing, the BTC price was at $30,388.

BTC price
BTC Price, 1 Day Chart | Source: BTCUSD at TradingView.com

Featured image from iStock, chart from TradingView.com



Source link

Bitcoins due ETFs high Price Rise Spot
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20

XRP Price Eyes Winins, but technically suggests that upsides can be limited

2025-05-20

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20

Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ethereum headed for a bear market? The latest order book trends reveal clues

2024-09-19

Bitcoin Fear and Greed Shows Possible Price Recovery, After…

2024-10-02

Trillions of dollars could flow into Altcoin markets as Crypto’s ‘gorgeous’ chart flashes: Macro Guru Raoul Pal

2023-07-02
Editors Picks

What the heck are whale games?

2023-11-30

President Trump’s rates could set for a much larger recovery rally than expected, says investor Tom Lee

2025-03-23

EU draft standards consider MEV as ‘clear example of market abuse’ under upcoming MiCA rules

2024-05-27

ZNS Connect partners with Form Network to revolutionize on-chain interactions

2024-12-22
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

XRP Price Eyes Winins, but technically suggests that upsides can be limited

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,795.121.05%
  • ethereumEthereum(ETH)$2,480.091.48%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-0.16%
  • binancecoinBNB(BNB)$642.01-0.01%
  • solanaSolana(SOL)$165.241.63%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219141-0.16%
  • tronTRON(TRX)$0.2727612.91%
  • cardanoCardano(ADA)$0.73-0.59%
  • suiSui(SUI)$3.802.46%
  • chainlinkChainlink(LINK)$15.491.19%
  • avalanche-2Avalanche(AVAX)$22.020.30%
  • stellarStellar(XLM)$0.2826880.31%
  • hyperliquidHyperliquid(HYPE)$25.690.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.32%
  • hedera-hashgraphHedera(HBAR)$0.1926341.65%
  • unus-sed-leoUNUS SED LEO(LEO)$8.731.55%
  • bitcoin-cashBitcoin Cash(BCH)$385.630.12%
  • the-open-networkToncoin(TON)$3.043.65%
  • polkadotPolkadot(DOT)$4.550.17%
  • litecoinLitecoin(LTC)$93.28-2.92%
  • moneroMonero(XMR)$345.340.26%
  • bitget-tokenBitget Token(BGB)$5.08-1.31%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-1.11%
  • piPi(PI)$0.742.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$261.8317.08%
  • bittensorBittensor(TAO)$414.603.40%
  • uniswapUniswap(UNI)$5.76-0.64%
  • nearNEAR Protocol(NEAR)$2.71-0.52%
  • aptosAptos(APT)$5.06-0.33%
  • okbOKB(OKB)$51.67-0.46%
  • ondo-financeOndo(ONDO)$0.921.34%
  • kaspaKaspa(KAS)$0.105885-0.41%
  • ethereum-classicEthereum Classic(ETC)$18.040.44%
  • internet-computerInternet Computer(ICP)$5.10-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.264.61%
  • gatechain-tokenGateToken(GT)$21.34-0.08%
  • crypto-com-chainCronos(CRO)$0.0952881.30%
  • mantleMantle(MNT)$0.741.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228810-1.03%
  • vechainVeChain(VET)$0.027449-0.12%
  • render-tokenRender(RENDER)$4.551.41%
  • ethenaEthena(ENA)$0.3676913.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.10%
  • algorandAlgorand(ALGO)$0.2179170.40%
  • arbitrumArbitrum(ARB)$0.3851911.54%
  • filecoinFilecoin(FIL)$2.80-0.04%
  • bitcoinBitcoin(BTC)$104,795.121.05%
  • ethereumEthereum(ETH)$2,480.091.48%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-0.16%
  • binancecoinBNB(BNB)$642.01-0.01%
  • solanaSolana(SOL)$165.241.63%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219141-0.16%
  • tronTRON(TRX)$0.2727612.91%
  • cardanoCardano(ADA)$0.73-0.59%
  • suiSui(SUI)$3.802.46%
  • chainlinkChainlink(LINK)$15.491.19%
  • avalanche-2Avalanche(AVAX)$22.020.30%
  • stellarStellar(XLM)$0.2826880.31%
  • hyperliquidHyperliquid(HYPE)$25.690.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.32%
  • hedera-hashgraphHedera(HBAR)$0.1926341.65%
  • unus-sed-leoUNUS SED LEO(LEO)$8.731.55%
  • bitcoin-cashBitcoin Cash(BCH)$385.630.12%
  • the-open-networkToncoin(TON)$3.043.65%
  • polkadotPolkadot(DOT)$4.550.17%
  • litecoinLitecoin(LTC)$93.28-2.92%
  • moneroMonero(XMR)$345.340.26%
  • bitget-tokenBitget Token(BGB)$5.08-1.31%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-1.11%
  • piPi(PI)$0.742.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$261.8317.08%
  • bittensorBittensor(TAO)$414.603.40%
  • uniswapUniswap(UNI)$5.76-0.64%
  • nearNEAR Protocol(NEAR)$2.71-0.52%
  • aptosAptos(APT)$5.06-0.33%
  • okbOKB(OKB)$51.67-0.46%
  • ondo-financeOndo(ONDO)$0.921.34%
  • kaspaKaspa(KAS)$0.105885-0.41%
  • ethereum-classicEthereum Classic(ETC)$18.040.44%
  • internet-computerInternet Computer(ICP)$5.10-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.264.61%
  • gatechain-tokenGateToken(GT)$21.34-0.08%
  • crypto-com-chainCronos(CRO)$0.0952881.30%
  • mantleMantle(MNT)$0.741.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228810-1.03%
  • vechainVeChain(VET)$0.027449-0.12%
  • render-tokenRender(RENDER)$4.551.41%
  • ethenaEthena(ENA)$0.3676913.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.10%
  • algorandAlgorand(ALGO)$0.2179170.40%
  • arbitrumArbitrum(ARB)$0.3851911.54%
  • filecoinFilecoin(FIL)$2.80-0.04%