The approval of a Bitcoin Spot ETF in the USA is one of the most anticipated and talked about events in recent months, especially that of BlackRock which also triggered the pump of BTC and almost all altcoins.
According to the report published by Galaxy Digital, a financial company with assets over $10 billion, the approval of the Spot ETF would bring a 74% increase in the price of Bitcoin in the first year.
The report is based on the enormous pent-up demand from institutions, which to date have not been able to invest in BTC, on the greater liquidity and "transparency" of the market.
Of course, approval would not be an absolute guarantee of an increase in the price of Bitcoin. However, there is the remote possibility that the ETF does not perform as expected and this would cause very negative events to the cryptocurrency market, such as loss of investor confidence, greater volatility.
If, however, the ETF were to perform as expected, there would be a huge inflow of capital from institutions and investors, which would be followed by the regulations expected and talked about in recent years.
