US spot bitcoin ETFs, expected to be approved in early 2024, will create a demand shock for bitcoin, with large inflows.
Accurate ●●●●●
“the approval of the spot ETFs is going to be a major catalyst, it's going to definitely drive a demand shock”
- Said on
- 19 December 2023 · Bloomberg Crypto TV interview, Dec 19, 2023, as quoted by Benzinga (article Dec 23, 2023); window inferred as 2024, the year after approval
- Source
- Michael Saylor Predicts 'Demand Shock' As Bitcoin's Market Cap Skyrockets 160% In 2023, Gaining $530B On ETF Hopes · Benzinga
- Should come true
- 2024
- How sure they sounded
- is going to; definitely
- Categories
- CryptoMarkets
- Importance
- 2 of 5 · Matters to the crypto industry and the ETF market.
Outcome
Accurate Happened 14 March 2024.
The SEC approved US spot bitcoin ETFs on Jan 10, 2024, and they drew about $36-37 billion of net inflows in their first year, far above most forecasts; BlackRock's IBIT became the fastest ETF ever to $10 billion and $50 billion in assets. Bitcoin rose from about $43,000 to a record above $73,000 by mid-March 2024, consistent with a demand shock.
- https://www.etf.com/sections/features/spot-bitcoin-etfs-groundbreaking-first-year-look-back
- https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023
History
- 2026-10-17 05:45:47 · created by claude
- 2026-10-17 05:45:47 · categorized by claude
- 2026-10-17 05:46:12 · scored by claude