Where do you think the BTC price will be by the end of this year? #BTC #etf

BlackRock and Fidelity currently hold 134,358 Bitcoin spot Bitcoin ETFs, worth more than $5.7 billion.

Cathie Wood, CEO of ARK Invest, said that after the launch of the spot Bitcoin ETF, investors began to shift from gold to Bitcoin (BTC), “Bitcoin has been rising relative to gold. Now that Bitcoin has alternatives, we think This alternative is here to stay because there is now a less frictional way to acquire Bitcoin.” Wood expects that, like gold, Bitcoin will prove itself as a “safe-haven asset” when the banking sector shows signs of weakness.

Grayscale’s CEO stated that it is very important to develop spot Bitcoin ETFs on the options market and called on the SEC to treat the crypto asset class fairly.

The director of the Korean Financial Supervisory Service plans to visit the United States this year to meet with the chairman of the U.S. SEC to discuss Bitcoin ETF and other matters.