Spot-Bitcoin ETF approval could increase Bitcoin price by 346 % to $ 138,000, as the gold price rally after the first ETF permit shows

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Gold stieg nach der ersten ETF-Genehmigung um 350 %; Könnte Bitcoin dasselbe tun? Die Krypto-Community wartete gespannt auf die mögliche Zulassung eines Spot-Bitcoin-Exchange-Traded-Fonds (ETF) und die Auswirkungen, die dies möglicherweise auf die BTC-Preise haben könnte. Enthusiasten glauben, dass eine solche Genehmigung die institutionelle Akzeptanz von Bitcoin fördern und zu einer erhöhten Liquidität und Marktbeteiligung führen würde. Ein Kryptomarkthändler äußerte sich zu den möglichen Auswirkungen einer Spot-Bitcoin-ETF-Zulassung auf den Preis und verglich sie mit der Rallye des Goldpreises nach der Zulassung des ersten Gold-ETF im Jahr 2004 in den USA. In einem Tweet vom 12. Juli veröffentlichte Ash-Krypto ein Diagramm, das …
Gold rose by 350 %after the first ETF permit; Could Bitcoin do the same? The crypto community was eagerly awaiting the possible approval of a spot bitcoin exchange trading fund (ETF) and the effects that could possibly have this for BTC prices. Enthusiasts believe that such approval would promote the institutional acceptance of Bitcoin and lead to increased liquidity and market participation. A cryptom market dealer commented on the possible effects of a spot bitcoin ETF approval on the price and compared it to the rally of the gold price after the first gold ETF was admitted in 2004 in the USA. In a tweet on July 12, ASH crypto published a diagram that ... (Symbolbild/KNAT)

gold rose by 350 %after the first ETF permit; Could Bitcoin do the same?

The crypto community was eagerly awaiting the possible approval of a spot bitcoin-exchange trading fund (ETF) and the effects that could possibly have for the BTC prices. Enthusiasts believe that such approval would promote the institutional acceptance of Bitcoin and lead to increased liquidity and market participation. A cryptom market dealer commented on the possible effects of a spot bitcoin ETF approval and compared it to the rally of the gold price after the first gold ETF was admitted in 2004 in the USA.

In a tweet of July 12, ASH crypto published a diagram that shows the development of the gold price before and after the approval of the first ETF for the yellow metal. Between 2004 and 2011, the gold price rose by almost 350 %. During this period, the gold price increased from around $ 450 to over $ 1,820 in August 2011, which corresponds to an increase of impressive 346 %.

on the assumption that a spot bitcoin ETF is approved by the US authorities, the imitation of the gold price increase of 346 % would bring the Bitcoin price to astonishing $ 138,000, emphasized the market expert. It is a very speculative forecast, the actual implementation of which depends on various factors.

A spot bitcoin ETF would first provide the US investors an investment vehicle that enables direct engagement in cryptocurrency. It is important to note that a spot bitcoin ETF is not the same as a Bitcoin futures ETF. The former enables the cryptoma to be owned directly, while the latter derives its value from Bitcoin Futures Contracts.

The wealth management giant Blackrock made an application on June 15 to lay a Spot-Bitcoin fund. Although the US stock exchange supervision SEC considered the first application as inadequate, Blackrock submitted the application again. Approval for a spot bitcoin ETF is currently uncertain, but apparently large equity funds expect the US authorities to agree to the application.

Andrew Kang, a crypto investor, noticed that the outperformance of Bitcoin-related shares compared to BTC indicates that large equity funds have high expectations of the approval of BTC ETFs. This indicates that the opportunities for a spot BTC ETF and the possible time of its approval of crypto investors are undervalued.

It remains to be seen whether a spot bitcoin ETF is approved and whether its introduction would lead to similar price increases as with gold. Caution is always required when investing in cryptocurrencies, since the market is speculative and capital can be at risk.

Liability exclusion: The content of this article does not constitute investment advice. Investments in cryptocurrencies are speculative and associated with risks.