The approval of spot Bitcoin ETFs by the SEC could lead to a Bitcoin rally, as forecasted by BitMEX co-founder, Arthur Hayes. However, JPMorgan analysts caution that such approval could put severe downward pressure on Bitcoin prices. This sentiment is echoed by finance influencer Andrei Jikh, who suggests that a Binance investigation revealing fraud may delay the approval of spot Bitcoin ETFs. Conversely, former NYSE President Tom Farley believes that the approval of Bitcoin ETFs could lead to a flood of money into the crypto industry. This anticipation has already fueled the largest weekly inflows into digital asset investment products, totaling $346 million, with Bitcoin receiving the majority of inflows. CoinShares reported that this was the strongest run since the late 2021 bull market, driven by the expectation for the spot Bitcoin ETF.
Crypto investment funds saw $346 million in inflows last week, extending their strongest run since the late 2021 bull market as anticipation for the spot #bitcoin ETF enticed investors, @CoinShares reported. @sndr_krisztian reports https://t.co/dYD0Rtmxr6
Recent weeks have seen a massive surge in digital asset investments, with inflows totaling $346 million, led by Bitcoin and Ethereum. https://t.co/GiCdxpNhKH
biggest week of inflows into crypto ETP's since late '21, we're now on a 9 week streak of inflows, most of that going to Bitcoin products as always our @CoinSharesCo research team delivers the goods 👇 https://t.co/ZDqV5ihsG4
Bitcoin spot ETF anticipation fuels largest crypto fund inflows for two years: CoinShares https://t.co/yxyzIm7MrV
Ex-NYSE President Tom Farley: “Money Will Flood” Into Bitcoin "Everyone acknowledges Bitcoin is not a security... so possibly the Bitcoin ETF does go ahead more quickly, which would be great for the industry because money will flood [in]" https://t.co/4NRSNKdyms https://t.co/Pn6MWu7VMC
Digital asset investment products saw inflows totalling US$346m last week, the largest weekly inflows in this 9 consecutive week run. Bitcoin saw inflows totalling US$312m. Ethereum saw US$34m inflows last week, marking a decisive turn-around in sentiment.…
Former NYSE President: Money Will Flood Into #Crypto Industry With Spot #Bitcoin ETFs ⬇️ #cryptonews https://t.co/ijT7xyRZ4A
Former NYSE president expects money to "flood" into the crypto industry when the SEC approves spot bitcoin ETFs. https://t.co/nlRBdlTvrt
Former #NYSE President: Money Will Flood Into #Crypto Industry With #Bitcoin ETFs https://t.co/nlRBdlTvrt
JUST IN: "The approval of spot #Bitcoin ETFs could put severe downward pressure on #Bitcoin prices", says JP Morgan analyst Nikolaos Panigirtzoglou https://t.co/PprCMdz9MO
NEW: Finance influencer Andrei Jikh cautions that if the 🇺🇸 SEC's Binance investigation reveals widespread fraud, it may delay approving spot #Bitcoin ETFs 🤔 This might make the SEC more cautious, fearing market risks and instability 👀 https://t.co/kOTs3U1TzQ
#JPMorgan has cautioned that the approval of spot #bitcoin ETFs by the SEC could "put severe downward pressure on bitcoin prices." https://t.co/Rf9tuAQERr
Arthur Hayes, BitMEX co-founder, forecasts a Bitcoin rally in response to rising U.S. dollar liquidity. A perspective linking financial market dynamics to crypto trends. https://t.co/DMS5aCVlZN