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TechFlow reported that Bitwise analyst Ryan Rasmussen said on Tuesday, "Spot Bitcoin ETFs could bring in as much as $50 billion to $100 billion in inflows over the next five years," and "could have a significant impact on Bitcoin's price." He expects the U.S. Securities and Exchange Commission (SEC) to approve ETF applications as early as before the December holiday season, with Bitwise being one of the firms hoping to launch such a product.
Ryan Rasmussen, analyst at asset management firm Bitwise, said Tuesday, "Spot Bitcoin ETFs could bring in as much as $50 billion to $100 billion in inflows over the next five years," and "could have a significant impact on Bitcoin's price." He said he expects the U.S. Securities and Exchange Commission (SEC) to approve ETF applications as early as before the December holiday season, with Bitwise being one of the companies hoping to launch such a product.
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