The virtual currency market continues to await the arrival of Bitcoin ETFs. It was stated that the SEC could make a decision this week, but this possibility did not materialize. All eyes are on Monday and Tuesday
As time runs out for ETF decisions, new and remarkable demands emerge. Finally, Matthew Sigel, one of the managers of the investment company VanEck, said that BlackRock’s Bitcoin ETF currently plans to invest more than $ 2 billion. Sigel emphasized that he received this information from a very valuable source, but could not guarantee it.
VanEck executives continued: “If there is an investment of $2 billion in the first week, this will upset our forecasts. If we look at the first gold ETF investments, considering the money supply of the USA, the estimate is 2.5 billion dollars. “According to similar analyses, we think that a market size of $40 billion will be reached within two years.” he said.
Next week will be a big week for cryptocurrencies, especially BTC. According to the rules, the SEC must make an ETF decision by January 10. Bloomberg analysts expect the decision to be announced on January 8 at the earliest.
Bitcoin is hovering at $43,830 as the ETF decision is approached step by step.
