It said that if companies that have applied to list spot Bitcoin ETFs would commit just 1% of their assets under management (AUM), approximately $155 billion would flow into the Bitcoin market.
CryptoQuant, a renowned blockchain analytics firm shared What to expect once a spot bitcoin exchange-traded fund (ETF) is approved. According to its estimates, at least $155 billion will be added to Bitcoin’s market cap, making the cryptocurrency a $900 billion asset. As a result, the crypto market will see at least $1 trillion in inflows, CryptoQuant estimated in its report.
Spot ETFs to boost institutional adoption
The data analytics firm’s comprehensive report outlines how the first wave of institutional adoption occurred between 2020 and 2021. CryptoQuant recalled that this was the time when institutions began adding Bitcoin to their balance sheets. The firm then suggests that the next wave will likely be through the approval of spot ETFs, with which financial institutions will be able to provide Bitcoin access to their clients.
Currently, several major financial institutions are waiting for their spot Bitcoin ETF applications to be approved in the United States. However, rumors of approval circulated earlier this week, which later turned out to be false. However, there are expectations that approvals are closer than ever, and the first ones could be seen as soon as March 2024.
Detailed analysis of CryptoQuant
The data analytics firm did not offer any estimates for its projection. It said that if companies that have applied to list spot Bitcoin ETFs would commit just 1% of their assets under management (AUM), approximately $155 billion would flow into the Bitcoin market. Interestingly, this figure represents almost a third of Bitcoin’s current market cap. Therefore, if all this happens, CryptoQuant believes that BTC prices will also rise to between $50,000 and $73,000.
According to CryptoQuant, Bitcoin’s market cap has always increased by 3-5 times the real capitalization in each bull market. The analytics firm concludes that this means the market cap will increase by $3-$5 for every $1 of new Bitcoin entering the market.
At the time of publication, the crypto market capitalization is $1.13 trillion, with Bitcoin accounting for more than half. crypto market first across The $1 trillion mark in January 2021.

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his writing style. He strongly believes in the potential of digital assets and takes every opportunity to reiterate it. He is also a reader, a researcher, an astute speaker and a budding entrepreneur. However, away from crypto, Mayowa’s imaginary distractions include discussing football or world politics.
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