XRP, Ether, Solana, Cardano, Shiba Inu Brace For $1 Trillion

Spot bitcoin ETF Predictions: A $1 Trillion Market Cap

The much-anticipated prospect of spot bitcoin ETFs has investors and traders dreaming of the potential market impact. Recent reports from data analytics platforms suggest that if spot ETFs for major cryptos like bitcoin, XRP, Ether, Solana, Cardano, and Shiba Inu are approved, a staggering $1 trillion market cap could be achieved.

The Potential Impact of Spot ETFs on bitcoin

According to a report from CryptoQuant, the historical context of bitcoin‘s market trajectory suggests that a significant wave of adoption is already underway. Institutional adoption and major Asset Under Management entities making bitcoin accessible through spot ETFs indicate a promising path for crypto majors.

Overcoming Hurdles and Favourable Rulings

The main obstacle on this path is gaining approval from the US Securities and Exchange Commission [SEC]. Despite this hurdle, recent favourable court rulings in lawsuits against the SEC have injected optimism into the market, potentially paving the way for spot ETFs.

Potential Market Impact and Bullish Sentiment

CryptoQuant’s analysis suggests that if spot ETFs secure approval, bitcoin‘s price could skyrocket, reaching astronomical figures ranging between $50,000 and $73,000. The potential market impact could lead to a prolonged period of bullish momentum, challenging the bears to resist the rising tide.

Overall, the anticipated approval of spot ETFs has the potential to reshape the crypto landscape and lead to significant market growth.


### News source: zycrypto.com

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