The author predicts a price increase on the BlackRock Bitcoin ETF
A leading Bitcoin author predicts that the approval of BlackRock's Bitcoin ETF will drive Bitcoin's price.
“This is the main issue that they are actively working on now,” he warns.
The author pointed out the possible price chaos following the approval of the Bitcoin ETF
Famous Bitcoin author Jason A. Williams explained to his 219,100 followers that if the BlackRock Bitcoin ETF is approved by the US Securities and Exchange Commission, there will be a positive change in the market.
“When Blackrock's Bitcoin ETF is approved, they should get several hundred thousand BTC to meet customer demand.”
However, he cautions, “There is no way you can get that much bitcoin without moving the price significantly.”
Learn more: How to Prepare for a Bitcoin ETF: A Step-by-Step Approach
In the recent past, there have been several reports on Bitcoin ETF speculation, which has led to positive movements in the market.
Bitcoin ETF estimates in the near future
In the year On November 28, CoinShares reported that the total flow of crypto for the week was the highest in the last three months.
“Digital asset investment products last week brought in a total of US$346m, the largest weekly inflow in nine consecutive weeks,” the statement said.
Additionally, the spike was believed to come from all the hype around Bitcoin ETFs.
Additionally, the rapid jump in flows between weeks was seen as the highest in two years.
A sharp increase in earnings from the end of 2021 will fuel the ETF's estimate.
Learn more: Where to Trade Bitcoin Futures: A Comprehensive Guide
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