$3B First-Day Inflows for Spot Bitcoin ETF, $55B Over 5 Years, Analysts Predict

Investors eagerly await approval for a spot Bitcoin ETF, anticipating increased institutional interest in the cryptocurrency. Predictions vary, with estimates ranging from $3 billion on day one to a substantial $55 billion over five years.


Dave Mazza, Chief Strategy Officer at Roundhill Investments, draws parallels to the gold market, suggesting that spot Bitcoin ETF approval could reshape the Bitcoin landscape, much like the impact of the first gold ETF in 2006 and the Bitcoin futures ETF in 2021. Some see GBTC’s current market capitalization of $3.2 billion as an initial indicator of demand for a spot Bitcoin product.


Matthew Sigel, Head of Digital Assets Research at VanEck, with a spot Bitcoin ETF awaiting SEC approval, believes that BlackRock’s entry into the market could lead wire houses and financial advisers to add the fund to their platforms.


Matthew Hougan, CEO of Bitwise Investments, predicts that spot Bitcoin ETFs could attract $55 billion within the first five years, drawing insights from smaller markets like Canada where such ETFs already exist.

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