According to a report by Galaxy Digital, Bitcoin exchange-traded funds (ETFs) could attract $14.4 billion in their first year of trading, leading to a potential 74% increase in the price of BTC. The report compares the impact of gold ETFs on the price of gold, suggesting that bitcoin ETFs could have a similar effect on the price of BTC. The estimate is based on the assumption that BTC will be adopted by 10% of total assets across three wealth management channels, with an average allocation of 1%. Galaxy Digital predicts a 6.2% price jump in the first month of a US bitcoin fund and a potential 74% rise over the course of the first year.
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