US Spot Bitcoin ETF Initial Inflow Is Expected To Be $1 Billion

Key Points:

• CoinShares Research Director forecasts US spot Bitcoin ETF initial inflow will be $1 billion amid expectations of SEC approval.
• Confidence grows as the SEC meets major exchanges, hinting at imminent approval for a spot Bitcoin ETF.
• Grayscale, VanEck, and Fidelity filings indicate progress, underscoring momentum toward a potential spot Bitcoin ETF approval.

CoinShares’ Research Director, James Butterfill, predicts a substantial US spot Bitcoin ETF initial inflow is expected to be $1 billion, based on his fund flow model.

US Spot Bitcoin ETF Initial Inflow Will Be $1 Billion Amidst SEC Speculations

Butterfill emphasized the surge in the current Bitcoin price, anticipating heightened interest with the approval of the exchange-traded product (ETF) by the Securities and Exchange Commission (SEC) this week. US spot Bitcoin ETF initial inflow based on the attraction of new investors to the exchange-traded product that the SEC could approve this week.

Confidence in the imminent approval of a spot Bitcoin ETF has risen following recent meetings between SEC staff attorneys from the Division of Trading and Markets and major exchanges, including the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange. These discussions are pivotal to the potential approval of the eagerly awaited ETF.

In a flurry of developments, Grayscale and VanEck have filed their Form 8-As, signaling progress toward a spot Bitcoin ETF. This crucial registration step allows issuers to trade on an exchange upon approval. Fidelity also submitted its Form 8-A recently, coinciding with an approaching SEC deadline for deciding on the spot Bitcoin ETF.

Further intensifying the anticipation, industry giants like BlackRock and Fidelity amended registration forms in December, seen as a final push for the spot Bitcoin ETF. BlackRock enlisted Jane Street Capital and JPMorgan Securities LLC as authorized participants, underscoring the growing institutional involvement in the cryptocurrency market.

As the regulatory landscape evolves, these developments mark significant strides towards a landmark approval, with experts closely monitoring the outcome of the SEC’s decision in the coming days.