Standard Chartered Bank Predicts $100 Billion Inflow with Approval of Physical Bitcoin ETF

In an eye-opening report, Standard Chartered Bank forecasts a potential $100 billion inflow into the cryptocurrency market with the approval of a physical Bitcoin ETF.

This detailed article delves into how such a move could skyrocket Bitcoin prices to unprecedented levels, echoing past trends and shaping the future of digital assets.

Potential $100 Billion Inflow with Physical ETF Approval

The major British bank Standard Chartered Bank has revealed that if a physical Bitcoin ETF is approved, there is a possibility of an influx of funds ranging between $50 billion to $100 billion.

This prediction was mentioned in a report published on January 8, 2024. The report also forecasts that "the price of Bitcoin could rise to $200,000 (approximately 28.75 million yen) by the end of 2025."

Could BTC Prices Reach $100,000 to $200,000?

Standard Chartered Bank states that "the approval of an ETF is a major driving force for the rise in BTC prices."

The approval of a physical ETF is seen as a turning point for institutional investors to enter the Bitcoin market, with significant fund inflows and price increases expected.

According to the bank, when the first gold Exchange Traded Product (ETP) was launched in the United States in 2004, the price of gold increased by 4.3 times over the next 7 to 8 years.

A similar price increase is expected for Bitcoin following the approval of a physical Bitcoin ETF.

Furthermore, the bank predicts that "the Bitcoin ETF market will develop more rapidly," expecting a large-scale influx of funds in a short period of 1 to 2 years.

Consequently, the price of Bitcoin is projected to approach $100,000 by the end of 2024 and $200,000 by the end of 2025.

It is also noted that the bank had previously predicted that "BTC prices could rise to around $100,000 by the end of 2024," and this current forecast aligns with such views.

Numerous opinions predict a substantial influx of funds with the launch of a physical Bitcoin ETF.

Galaxy Digital anticipates an influx of funds in the order of several tens of billions of dollars with ETF approval, while the CEO of Grayscale has mentioned that "a physical ETF could open the way to a $30 trillion market."

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