Bitcoin ETFs on the Rise Worldwide, Potentially Signaling Major Growth Ahead
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There are currently 20 active Spot Bitcoin ETFs worldwide, with a total value of $4.16 billion. Canada and Europe lead with the most and largest ETFs.
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Only 8 countries currently have Spot Bitcoin ETFs - Canada, Germany, Brazil, Australia, Jersey, Liechtenstein, Guernsey, and the Cayman Islands.
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The US has not yet approved any Spot Bitcoin ETFs, only futures-based ones like ProShares. Approval could bring massive inflows.
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Experts estimate over $150 billion could flow into Bitcoin if US approves Spot ETFs.
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Many expect US SEC approval of Spot Bitcoin ETFs by late 2023/early 2024, which could significantly impact Bitcoin price.