{"id":464236,"date":"2023-12-08T14:00:34","date_gmt":"2023-12-08T14:00:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464236"},"modified":"2023-12-08T14:00:34","modified_gmt":"2023-12-08T14:00:34","slug":"bitcoin-price-seen-at-530k-by-bloomberg-as-btc-etf-fever-spreads-and-bitcoin-etf-token-surges-past-3m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-seen-at-530k-by-bloomberg-as-btc-etf-fever-spreads-and-bitcoin-etf-token-surges-past-3m","title":{"rendered":"Bitcoin Price Seen At $530K By Bloomberg As BTC ETF Fever Spreads And Bitcoin ETF Token Surges Past $3M"},"content":{"rendered":"

A pivotal shift in sentiment means that the ‘crypto winter’ is already just a bad memory as a ‘crypto super cycle’<\/a> sets in<\/p>\r\n\r\n\r\n\r\n

Analysts at Kaiko<\/a> focus on Bitcoin ETF approval and macro factors as the ones creating the present inflection point: “Since mid-October, we’ve observed a real shift in the market driven by rising institutional enthusiasm around the possible approval of a spot BTC ETF, and more recently, an improving macro environment.”<\/p>\r\n\r\n\r\n\r\n

Driving interest is the near-certainty that one of the 13 spot Bitcoin ETF applications in front of the US Securities and Exchange Commission (SEC) will be approved early in the New Year.<\/p>\r\n\r\n\r\n\r\n

Bitcoin ETF Token has been designed with the explicit purpose of riding the spot Bitcoin ETF euphoria. $BTCETF rewards token holders at every significant stage of the product lifecycle of the coming spot Bitcoin ETFs. <\/p>\r\n

<\/p>

Insights from @Fidelity<\/a> Jurrien Timmer shed light on a potential #BitcoinETF<\/a> approval.

Will it trigger a 'sell-the-news' reaction or attract a new wave of stakeholders? 🤔📈

What impact do you think the
#SEC<\/a>'s decision on a #Bitcoin<\/a> #ETF<\/a> will have on the market sentiment?

A…
pic.twitter.com\/ZrUzEwYW2J<\/a><\/p>— BTCETF_Token (@BTCETF_Token) December 8, 2023<\/a><\/blockquote>