{"id":555762,"date":"2023-10-17T20:00:43","date_gmt":"2023-10-17T20:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=555762"},"modified":"2024-06-11T08:01:58","modified_gmt":"2024-06-11T08:01:58","slug":"bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/","title":{"rendered":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant"},"content":{"rendered":"

CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching the spot ETFs.<\/p>\n

Bitcoin Could See A 165% Rise When The Spot ETFs Launch<\/h2>\n

Yesterday, fake news<\/a> of the approved iShares Bitcoin spot ETF took the sector by storm, as all cryptocurrencies observed sharp rallies. At the peak of this surge, BTC had approached the $30,000 level.<\/p>\n

However, when the market realized the truth about the announcement, the asset quickly retraced to the levels it was at before the rally. While the gains were only brief, the rally nonetheless provided a glimpse into the strong reaction that the market could see to the launch of a real ETF.<\/p>\n

This was just one spot ETF; however, several others are waiting in line to be approved. How would the market look like when all these ETFs have launched? In its new report<\/a>, the on-chain analytics firm CryptoQuant has discussed precisely that.<\/p>\n

\"Bitcoin<\/p>\n

The assets under management of the various companies waiting for ETF approval | Source: CryptoQuant<\/a><\/pre>\n
The above table shows information about the various companies waiting to be approved for the Bitcoin spot ETF, including the total size of their assets under management (AUM).<\/p>\n
Related Reading: Chainlink Whales Moved Around $150M In LINK Before Latest Surge: Data<\/a><\/div>\n
“Although these ETFs are not expected to be approved this year, the probability that they will be approved by the final deadline (March 2024) has been growing as a result of favorable court rulings for Grayscale (GBTC Fund) and XRP in their respective legal fight against the SEC,” says the firm.<\/p>\n
In total, these companies’ AUM are around $15.6 trillion. If they put just 1% of this amount towards BTC, it would mean inflows of a whopping $155 billion for the asset. “To put it in context, these amounts represent almost a third of the current market capitalization of Bitcoin,” notes CryptoQuant.<\/p>\n
Now, how this capital inflow could affect the market cap<\/a> of BTC isn’t exactly simple to say. Generally, the market cap increases by more than just the raw capital entering the cryptocurrency.<\/p>\n
The firm has used the “realized cap” metric to assess this relationship. The realized cap is a capitalization method for BTC that calculates its total value by assuming that the value of each coin is the same as the price at which it was last transacted on the blockchain.<\/p>\n
The realized cap can be imagined as the total investment made by the investors, accounting for the prices at which each bought their coins. The chart below shows how this realized cap has compared with the market over the years.<\/p>\n
\"Bitcoin<\/p>\n
The comparison between the trends of the realized cap and market cap | Source: CryptoQuant<\/a><\/pre>\n
The graph shows that the market cap and realized cap usually have noticeably different growth rates, as they have always followed pretty different paths.<\/p>\n
CryptoQuant has calculated the ratio between the annual growths of the two caps and has found that for most of the asset’s history, the market cap has grown by 3 to 6 times faster than the realized cap.<\/p>\n
Related Reading: Analyst Points Out Weird Bitcoin Activity On Bybit & Deribit Before Flash Surge<\/a><\/div>\n
If the realized cap grows by $155 billion when the spot ETFs get approved and the asset managers allot 1% of their AUM to Bitcoin, the market cap could grow by between $450 and $900 billion.<\/p>\n
The report notes this figure implies “the market cap would increase between 82% and 165% from the current level and that Bitcoin price could reach between $50K and $73K as a result of these inflows of fresh money.”<\/p>\n
BTC Price<\/h2>\n
Bitcoin has enjoyed some uptrend over the past few days as the asset has now climbed above the $28,500 level.<\/p>\n
\"Bitcoin<\/p>\n
BTC has seen some growth recently | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Shutterstock.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching the spot ETFs. Bitcoin Could See A 165% Rise When The Spot ETFs Launch Yesterday, fake news of the approved iShares Bitcoin spot ETF took the sector by storm, as all cryptocurrencies observed sharp rallies. At the peak of this surge, BTC had approached the $30,000 level. However, when the market realized the truth about the announcement, the asset quickly retraced to the levels it was at before the rally. While the gains were only brief, the rally nonetheless provided a glimpse into the strong reaction that the market could see to the launch of a real ETF. This was just one spot ETF; however, several others are waiting in line to be approved. How would the market look like when all these ETFs have launched? In its new report, the on-chain analytics firm CryptoQuant has discussed precisely that. The assets under management of the various companies waiting for ETF approval | Source: CryptoQuant The above table shows information about the various companies waiting to be approved for the Bitcoin spot ETF, including the total size of their assets under management (AUM). Related Reading: Chainlink Whales Moved Around $150M In LINK Before Latest Surge: Data “Although these ETFs are not expected to be approved this year, the probability that they will be approved by the final deadline (March 2024) has been growing as a result of favorable court rulings for Grayscale (GBTC Fund) and XRP in their respective legal fight against the SEC,” says the firm. In total, these companies’ AUM are around $15.6 trillion. If they put just 1% of this amount towards BTC, it would mean inflows of a whopping $155 billion for the asset. “To put it in context, these amounts represent almost a third of the current market capitalization of Bitcoin,” notes CryptoQuant. Now, how this capital inflow could affect the market cap of BTC isn’t exactly simple to say. Generally, the market cap increases by more than just the raw capital entering the cryptocurrency. The firm has used the “realized cap” metric to assess this relationship. The realized cap is a capitalization method for BTC that calculates its total value by assuming that the value of each coin is the same as the price at which it was last transacted on the blockchain. The realized cap can be imagined as the total investment made by the investors, accounting for the prices at which each bought their coins. The chart below shows how this realized cap has compared with the market over the years. The comparison between the trends of the realized cap and market cap | Source: CryptoQuant The graph shows that the market cap and realized cap usually have noticeably different growth rates, as they have always followed pretty different paths. CryptoQuant has calculated the ratio between the annual growths of the two caps and has found that for most of the asset’s history, the market cap has grown by 3 to 6 times faster than the realized cap. Related Reading: Analyst Points Out Weird Bitcoin Activity On Bybit & Deribit Before Flash Surge If the realized cap grows by $155 billion when the spot ETFs get approved and the asset managers allot 1% of their AUM to Bitcoin, the market cap could grow by between $450 and $900 billion. The report notes this figure implies “the market cap would increase between 82% and 165% from the current level and that Bitcoin price could reach between $50K and $73K as a result of these inflows of fresh money.” BTC Price Bitcoin has enjoyed some uptrend over the past few days as the asset has now climbed above the $28,500 level. BTC has seen some growth recently | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":555773,"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":[428,631,86192,86326,1119,1144,83531],"class_list":["post-555762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-market-cap","tag-bitcoin-realized-cap","tag-bitcoin-spot-etf","tag-btc","tag-btcusd","tag-cryptoquant"],"acf":[],"yoast_head":"\nBitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant<\/title>\n<meta name=\"description\" content=\"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.\" \/>\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-cap-1-trillion-spot-etfs-launch-cryptoquant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant\" \/>\n<meta property=\"og:description\" content=\"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\" \/>\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=\"2023-10-17T20:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:01:58+00:00\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant\",\"datePublished\":\"2023-10-17T20:00:43+00:00\",\"dateModified\":\"2024-06-11T08:01:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\"},\"wordCount\":607,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578\",\"keywords\":[\"bitcoin\",\"bitcoin market cap\",\"Bitcoin Realized Cap\",\"Bitcoin spot ETF\",\"btc\",\"btcusd\",\"cryptoquant\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\",\"name\":\"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578\",\"datePublished\":\"2023-10-17T20:00:43+00:00\",\"dateModified\":\"2024-06-11T08:01:58+00:00\",\"description\":\"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578\",\"width\":4584,\"height\":2578,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant\"}]},{\"@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\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant","description":"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.","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-cap-1-trillion-spot-etfs-launch-cryptoquant\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant","og_description":"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.","og_url":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-17T20:00:43+00:00","article_modified_time":"2024-06-11T08:01:58+00:00","author":"Keshav Verma","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant","datePublished":"2023-10-17T20:00:43+00:00","dateModified":"2024-06-11T08:01:58+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/"},"wordCount":607,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578","keywords":["bitcoin","bitcoin market cap","Bitcoin Realized Cap","Bitcoin spot ETF","btc","btcusd","cryptoquant"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/","url":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/","name":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578","datePublished":"2023-10-17T20:00:43+00:00","dateModified":"2024-06-11T08:01:58+00:00","description":"CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after the spot ETFs are out.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578","width":4584,"height":2578,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant"}]},{"@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\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant","url":"http:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1351282100.jpg?fit=4584%2C2578"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market cap","bitcoin realized cap","bitcoin spot etf","btc","btcusd","cryptoquant"],"dateCreated":"2023-10-17T20:00:43Z","datePublished":"2023-10-17T20:00:43Z","dateModified":"2024-06-11T08:01:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cap-1-trillion-spot-etfs-launch-cryptoquant\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1351282100.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1351282100.jpg?fit=4584%2C2578\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market cap\",\"bitcoin realized cap\",\"bitcoin spot etf\",\"btc\",\"btcusd\",\"cryptoquant\"],\"dateCreated\":\"2023-10-17T20:00:43Z\",\"datePublished\":\"2023-10-17T20:00:43Z\",\"dateModified\":\"2024-06-11T08:01:58Z\"}<\/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_1351282100.jpg?fit=4584%2C2578","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555762"}],"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\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=555762"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/555773"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=555762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=555762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=555762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}