New Bitcoin Futures ETF Could Trigger Rally to $168,000, Analyst Asserts

Oct 19, 2021

New Bitcoin Futures ETF Could Trigger Rally to $168,000, Analyst Asserts

According to experts at Fundstrat, a new ETF may give Bitcoin a significant boost.

Bitcoin's equilibrium price could spike to as high as $168,000 if the ProShares exchange-traded fund (ETF) that will begin trading on the New York Stock Exchange (NYSE) on Tuesday attracts a significant wave of inflows from investors, according to the Fundstrat team, which previously published a year-end bitcoin price target of $100,000.

The new bitcoin futures ETF, according to Fundstrat, will have larger first-year inflows than the Invesco QQQ Trust Series 1 fund ETF, which tracked the Nasdaq 100 index back in 2002.

"The new bitcoin ETF will enable substantially more individuals to allocate to crypto," stated Tom Lee, co-founder of Fundstrat Global Advisors. "We believe Bitcoin demand will outstrip QQQ inflows."

At 11 a.m. EST on October 19, Fundstrat's Head of Digital Asset Strategy Sean Farrell will be interviewed on Yahoo Finance Live.

Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has expressed interest in a bitcoin futures ETF on several occasions (as opposed to one contingent on spot bitcoin). Fundstrat's premise is particularly optimistic about investor interest in a bitcoin futures fund.

Investors may currently buy and hold bitcoin outright on exchanges like Coinbase and others, but Lee highlighted how a new ETF might increase demand.

He mentioned the Invesco QQQ ETF, which provided diversity among the top tech companies at a time when investors could already buy tech equities. In the first year of the ETF's existence, it received $36 billion in inflows.

According to Fundstrat, the ProShares bitcoin ETF is expected to raise $50 billion in its first year, implying an additional $50 million in daily demand for bitcoin. Fundstrat reached an equilibrium price of $168,000 as a result of this, as well as current supply pricing for bitcoin.

Analysts will have a starting point for imagining what successful inflows may look like. The SPDR Gold Shares fund (GLD) has the fastest ascent to $1 billion in assets under management, according to Bloomberg Intelligence. It took just three days.

The concept that bitcoin's eight-year wait for an ETF has not already been priced in, according to Lee.

"Some argue that the recent rise in bitcoin's price has already discounted this acceptance," Lee wrote. "This is certainly accurate to some extent, given that Bitcoin has just risen to near all-time highs. However, we believe that the price of Bitcoin will continue to climb even after the ETF is approved."

The ProShares bitcoin ETF, which will trade under the ticker "BITO" on the NYSE, is scheduled to begin trading soon.

Subscribe Our Newsletter

Billionaire Steven Cohen Bets Big on These 2 High-Yield Dividend Stocks
Billionaire Steven Cohen Bets Big on These 2 High-Yield Dividend Stocks

Every investor strives for a favorable portfolio return. The only remaining question is how. The stock market generates a massive amount of data, which by its very nature creates a barrier to entry.

Stocks
Hong Kong Billionaire Loses Half Her Fortune on China Probe
Hong Kong Billionaire Loses Half Her Fortune on China Probe

Huabao International Holdings Ltd. plunged a record 67% in Hong Kong trade after the company's disclosure that Chairwoman Chu Lam Yiu was under investigation for possible disciplinary infractions.

Banks and Finance
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Constantine

Hanging Man Pattern: How to Identify and Trade It Effectively
Markets have a unique way of communicating — and the shapes of candlesticks are among their most telling indicators. The hanging man pattern, while appearing as a subtle hint, frequently indicates something significant: a possible shift in direction. It’s a small candlestick on the chart that conveys a powerful message — a caution that the […]

discover
statement of cash flows explained

Alexander

Understanding Cash Flow Statement: How Can You Interpret It?

Learn the basics of a cash flow statement and how they can provide valuable insights into a business's financial health.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.