{"id":556106,"date":"2023-10-19T19:00:33","date_gmt":"2023-10-19T19:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=556106"},"modified":"2024-06-11T08:07:07","modified_gmt":"2024-06-11T08:07:07","slug":"bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","title":{"rendered":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion"},"content":{"rendered":"

In a recent <\/span>report <\/span><\/a>released by Matrixport, a digital assets financial services platform, the spotlight shifts beyond Bitcoin (BTC) as the eagerly anticipated approval of a Bitcoin<\/span> spot Exchange-Traded Fund<\/span><\/a> (ETF) by the US Securities and Exchange Commission (SEC) could have far-reaching effects.\u00a0<\/span><\/p>\n

According to the analysis, not only could the Bitcoin market experience a significant boost, but <\/span>Tether <\/span><\/a>(USDT) and the broader crypto market could also see positive outcomes.<\/span><\/p>\n

Potential Impact On Bitcoin<\/span><\/h2>\n

Matrixport’s foresight, outlined in their 2023 outlook report published on December 9, 2022, projected a substantial<\/span> crypto rally <\/span><\/a>driven by factors such as lower US inflation and favorable macroeconomic conditions.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC outperforms ETH year-to-date. Source: Matrixport<\/a>.<\/figcaption><\/figure>\n

This projection anticipated strong rebounds for Bitcoin and <\/span>Ethereum <\/span><\/a>(ETH), along with a notable decrease in volatility.<\/span><\/p>\n

Related Reading: ETH Price Watch: Impact On Price As Traders Ditch Bitcoin On Derivatives Market<\/a><\/div>\n

Surrounding the approval of these pending applications, a standout performer in the market has been <\/span>Grayscale <\/span><\/a>Investments’ Bitcoin Trust (GBTC), with its share prices surging by an impressive 167% year-to-date, outpacing Bitcoin’s 71% growth.\u00a0<\/span><\/p>\n

While GBTC’s net-asset-value (NAV) discount marginally narrowed from -45% to -43% at the beginning of the year, the game-changing moment arrived when BlackRock announced its ETF application on June 15, 2023.<\/span><\/p>\n

Matrixport’s earlier reports analyzed the US registered investor advisor (RIA) community, comprising approximately 15,000 advisors overseeing around $5 trillion.\u00a0<\/span><\/p>\n

Recognizing the potential of this group, the report suggests that even a modest 1% allocation recommendation for Bitcoin would result in approximately $50 billion in <\/span>inflows<\/span><\/a>.\u00a0<\/span><\/p>\n

$56,000 BTC Price Projection<\/span><\/h2>\n

Drawing a parallel with<\/span> precious metals ETFs <\/span><\/a>boasting an estimated $120 billion in market capitalization, and assuming that between 10-20% of precious metal ETF investors explore a Bitcoin ETF as a diversification tactic against monetary debasement and inflation hedges, the potential influx into the Bitcoin ETF could reach a significant $12-24 billion.<\/span><\/p>\n

The report speculates on the implications for Tether’s market capitalization by looking at the potential impact of BlackRock’s Bitcoin ETF approval.\u00a0<\/span><\/p>\n

Acting as a proxy for potential ETF inflows, a $24 billion increase in Tether’s market cap could conservatively push Bitcoin’s price to $42,000. With an even larger influx of $50 billion resulting from a 1% allocation by RIAs, Bitcoin could rally to $56,000.<\/span><\/p>\n

\n
Related Reading: XRP Price Set For Massive Rally As BlackRock And JPMorgan Make Their Move<\/a><\/div>\n<\/div>\n

Overall, Matrixport’s analysis sheds light on the potential ripple effects of Bitcoin ETF approval, extending beyond Bitcoin’s immediate market and encompassing Tether and the wider cryptocurrency landscape.<\/p>\n

As market participants eagerly await regulatory decisions, the industry remains poised for potential growth and transformation.<\/p>\n

\"Bitcoin
BTC’s surge over the past 24 hours above $28,500 on the daily chart. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

As of the time of writing, the leading cryptocurrency in the market, Bitcoin (BTC), is trading at $28,700, reflecting a 1.8% increase over the past 24 hours.<\/span><\/p>\n

It is worth noting that BTC has successfully maintained the gains it has made since mid-September. During this period, the cryptocurrency broke its short-term downtrend structure after reaching its peak for the year at $31,800 on July 13.<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent report released by Matrixport, a digital assets financial services platform, the spotlight shifts beyond Bitcoin (BTC) as the eagerly anticipated approval of a Bitcoin spot Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC) could have far-reaching effects.\u00a0 According to the analysis, not only could the Bitcoin market experience a significant boost, but Tether (USDT) and the broader crypto market could also see positive outcomes. Potential Impact On Bitcoin Matrixport’s foresight, outlined in their 2023 outlook report published on December 9, 2022, projected a substantial crypto rally driven by factors such as lower US inflation and favorable macroeconomic conditions.\u00a0 This projection anticipated strong rebounds for Bitcoin and Ethereum (ETH), along with a notable decrease in volatility. Related Reading: ETH Price Watch: Impact On Price As Traders Ditch Bitcoin On Derivatives Market Surrounding the approval of these pending applications, a standout performer in the market has been Grayscale Investments’ Bitcoin Trust (GBTC), with its share prices surging by an impressive 167% year-to-date, outpacing Bitcoin’s 71% growth.\u00a0 While GBTC’s net-asset-value (NAV) discount marginally narrowed from -45% to -43% at the beginning of the year, the game-changing moment arrived when BlackRock announced its ETF application on June 15, 2023. Matrixport’s earlier reports analyzed the US registered investor advisor (RIA) community, comprising approximately 15,000 advisors overseeing around $5 trillion.\u00a0 Recognizing the potential of this group, the report suggests that even a modest 1% allocation recommendation for Bitcoin would result in approximately $50 billion in inflows.\u00a0 $56,000 BTC Price Projection Drawing a parallel with precious metals ETFs boasting an estimated $120 billion in market capitalization, and assuming that between 10-20% of precious metal ETF investors explore a Bitcoin ETF as a diversification tactic against monetary debasement and inflation hedges, the potential influx into the Bitcoin ETF could reach a significant $12-24 billion. The report speculates on the implications for Tether’s market capitalization by looking at the potential impact of BlackRock’s Bitcoin ETF approval.\u00a0 Acting as a proxy for potential ETF inflows, a $24 billion increase in Tether’s market cap could conservatively push Bitcoin’s price to $42,000. With an even larger influx of $50 billion resulting from a 1% allocation by RIAs, Bitcoin could rally to $56,000. Related Reading: XRP Price Set For Massive Rally As BlackRock And JPMorgan Make Their Move Overall, Matrixport’s analysis sheds light on the potential ripple effects of Bitcoin ETF approval, extending beyond Bitcoin’s immediate market and encompassing Tether and the wider cryptocurrency landscape. As market participants eagerly await regulatory decisions, the industry remains poised for potential growth and transformation. As of the time of writing, the leading cryptocurrency in the market, Bitcoin (BTC), is trading at $28,700, reflecting a 1.8% increase over the past 24 hours. It is worth noting that BTC has successfully maintained the gains it has made since mid-September. During this period, the cryptocurrency broke its short-term downtrend structure after reaching its peak for the year at $31,800 on July 13. Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":556107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,485,532,9960,656,679,86326,7720,89670,1119,1144,8390,78790,6664,1558,15857],"class_list":["post-556106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-etf","tag-bitcoin-etfs","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-spot-etf","tag-blackrock","tag-blackrock-bitcoin","tag-btc","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-sec-bitcoin-etf"],"acf":[],"yoast_head":"\nBitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion<\/title>\n<meta name=\"description\" content=\"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion\" \/>\n<meta property=\"og:description\" content=\"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T19:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:07:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"390\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion\",\"datePublished\":\"2023-10-19T19:00:33+00:00\",\"dateModified\":\"2024-06-11T08:07:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin ETF\",\"Bitcoin ETFs\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin spot ETF\",\"BlackRock\",\"BlackRock Bitcoin\",\"btc\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"crypto\",\"cryptocurrency\",\"SEC Bitcoin ETF\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\",\"name\":\"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260\",\"datePublished\":\"2023-10-19T19:00:33+00:00\",\"dateModified\":\"2024-06-11T08:07:07+00:00\",\"description\":\"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260\",\"width\":390,\"height\":260,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion","description":"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion","og_description":"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0","og_url":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-19T19:00:33+00:00","article_modified_time":"2024-06-11T08:07:07+00:00","og_image":[{"width":390,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion","datePublished":"2023-10-19T19:00:33+00:00","dateModified":"2024-06-11T08:07:07+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/"},"wordCount":531,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","keywords":["bitcoin","Bitcoin chart","Bitcoin ETF","Bitcoin ETFs","Bitcoin news","bitcoin price","Bitcoin spot ETF","BlackRock","BlackRock Bitcoin","btc","btcusd","btcusd price","BTCUSDT","crypto","cryptocurrency","SEC Bitcoin ETF"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","url":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","name":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","datePublished":"2023-10-19T19:00:33+00:00","dateModified":"2024-06-11T08:07:07+00:00","description":"The spotlight shifts beyond Bitcoin as the eagerly anticipated approval of a BTC spot ETF could have far-reaching effects.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","width":390,"height":260,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion","url":"http:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin chart","bitcoin etf","bitcoin etfs","bitcoin news","bitcoin price","bitcoin spot etf","blackrock","blackrock bitcoin","btc","btcusd","btcusd price","btcusdt","crypto","cryptocurrency","sec bitcoin etf"],"dateCreated":"2023-10-19T19:00:33Z","datePublished":"2023-10-19T19:00:33Z","dateModified":"2024-06-11T08:07:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin ETF Approval Anticipated To Trigger Fiat Influx Of $24-50 Billion\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-etf-approval-anticipated-to-trigger-fiat-influx-of-24-50-billion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_download-18-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_download-18-1.jpg?fit=390%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin chart\",\"bitcoin etf\",\"bitcoin etfs\",\"bitcoin news\",\"bitcoin price\",\"bitcoin spot etf\",\"blackrock\",\"blackrock bitcoin\",\"btc\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"cryptocurrency\",\"sec bitcoin etf\"],\"dateCreated\":\"2023-10-19T19:00:33Z\",\"datePublished\":\"2023-10-19T19:00:33Z\",\"dateModified\":\"2024-06-11T08:07:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_download-18-1.jpg?fit=390%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556106"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=556106"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/556107"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}