Standard Chartered, a British multinational bank, predicts Bitcoin (BTC) could surge to $200,000 by the end of 2025, driven by the anticipated approval of Bitcoin spot ETFs. The bank envisions these ETFs attracting $50 billion to $100 billion in flows within a year.
Drawing parallels with the early stages of the gold ETF market in 2004, Standard Chartered anticipates Bitcoin ETF inflows based on gold’s historical performance, projecting similar gains in a shorter period, around one to two years.
The bank estimates this influx could propel Bitcoin to approximately $200,000 by the close of 2025. This projection assumes between 437,000 and 1.37 million new bitcoins will be held in spot US ETFs by the end of 2024, representing a value of $50–100 billion.
With nearly a dozen asset managers, including BlackRock, Fidelity, and Ark Invest, awaiting SEC approval for their ETF applications, the cryptocurrency market is brimming with anticipation.
In the previous month, Standard Chartered estimated BTC would reach $100,000 by the end of 2024, attributing the surge to ETF approvals and the upcoming Bitcoin halving.
The cryptocurrency market eagerly awaits SEC approval for ETF applications from nearly a dozen asset managers, contributing to growing excitement as Bitcoin recently reached a multi-year high of $47,100.
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