British bank Standard Chartered published an analysis highlighting that, with the imminent approval of exchange-traded funds (ETFs) based on the spot price of bitcoin (BTC), the market for the leading digital asset will receive between USD 50 billion and USD 100 billion this year.

In a publication, analysts at the bank indicated that the approval of the ETF will allow billions to enter the market in 2024, opening a potential window for BTC to reach a price of USD 200,000 by the end of 2025.
The report was conducted by Geoff Kendrick, head of digital assets at Standard Chartered, along with precious metals analyst Suki Cooper.
"The U.S. Securities and Exchange Commission (SEC) is expected to approve spot ETFs for bitcoin as soon as this week," analysts at Standard Chartered said. They see the approval of the financial instrument as a key factor in the increase in the price of BTC.
In this sense, they project that, after approval, the price of BTC could reach USD 100,000 by the end of 2024 and then continue to increase for another year. They also see ETFs as a necessary step to normalize the participation of institutional investors in the bitcoin market.