Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
Digital dollars, also known as stablecoins pegged to the U.S. dollar, represent the “first successful tokenization implementation,” 21.co analysts said.
BIGTIME debuted on select exchanges, including OKX and Coinbase, last Wednesday.
Spot-based ETFs are widely expected to unlock floodgates for mainstream money. Flows, however, are likely to materialise overtime, according to Coinbase.
Risk-off sentiment hit markets as a slightly hotter-than-expected inflation reading boosted U.S. Treasury rates and the dollar.
Traders expect risk assets to fall further should geopolitical tensions continue to rise.
Liquidity refers to market’s ability to absorb large orders at stable prices.
London-based asset manager Fasanara Capital led the investment round and has opened two private tokenized credit pools on the platform.
Meanwhile, bitcoin’s dominance continues to climb.