Coinshares Believes BTC Could Soar to $265K Upon ETF Approval

Digital asset manager CoinShares has unveiled its projections for the potential price impact following the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). According to CoinShares, the green light for Bitcoin ETFs could serve as a catalyst for Bitcoin to surpass the $265,000 mark.

If #Bitcoin ETFs are launched in the US, could the price of $BTC reach US$141,000?In his latest report, @jbutterfill examines the relationship that appears to exist between inflows as a percentage of Assets Under Management and changes in price:

— CoinShares (@CoinSharesCo) November 17,… Read more on bitcoinnews

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