Bitcoin ETF May Be A Catalyst For 74% Price Surge In 2024, Galaxy Researchers Say

Crypto fund Galaxy Digital projects a 74% spike in the price of Bitcoin BTC/USD next year if a U.S.-regulated spot Bitcoin ETF is approved.

Galaxy’s research underscores that a spot ETF would not only offer direct exposure to Bitcoin but also boast advantages over current investment options.

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As of Sep. 30, Bitcoin investment products held approximately 842k BTC, valued at around $21.7 billion. They currently come with notable disadvantages — high fees, low liquidity, tracking error, and limited accessibility.

A Bitcoin ETF,…

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