"2024 Forecast: Spot Bitcoin ETFs and Crypto Growth Surge as BlackRock and Goldman Sachs Signal Market Confidence"

TL;DR Summary
The anticipation of a U.S. bitcoin spot exchange-traded fund (ETF) approval, particularly following leaks from BlackRock, has led to a significant surge in Bitcoin's price, surpassing $45,000. Goldman Sachs and other financial giants predict that the approval of a bitcoin ETF could not only boost Bitcoin but also positively impact other cryptocurrencies like Ethereum, XRP, and Solana. The market is closely watching the SEC's decision, with expectations of approval as early as the first week of 2024, which could lead to increased adoption and investment from institutional players.
- BlackRock ETF Leak Triggers Bitcoin Price Surge Past $45,000 After Goldman Sachs Issues Huge 2024 Ethereum, XRP, Solana And Crypto Prediction Forbes
- BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF Reuters.com
- Crypto, SEC Action Could Command ETFs in 2024 After Record-Breaking 2023 Investopedia
- Digital asset markets poised to grow in 2024, Goldman Sachs exec says Fox Business
- Countdown to US spot ETF: 5 things to know in Bitcoin this week Cointelegraph
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
88%
753 → 88 words
Want the full story? Read the original article
Read on Forbes