Bitcoin Price Could Soar by $1 Trillion if Spot ETFs Are Approved, Report Predicts
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Bitcoin market cap could grow by $1 trillion if spot bitcoin ETFs are approved, according to CryptoQuant report.
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Potential inflows from spot ETFs much larger than Grayscale Bitcoin Trust (GBTC) inflows last bull market.
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If ETF issuers put 1% of assets under management into bitcoin ETFs, $155 billion could enter bitcoin market.
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Historically, bitcoin market cap grows 3-5x more than its realized cap during bull markets.
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Bitcoin price jumped to $30k briefly on false report of spot ETF approval, showing bullish sentiment.