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Galaxy predicts 74% Bitcoin price increase first year after ETF launch

Published 10/24/2023, 09:46 PM
Updated 10/24/2023, 11:20 PM
© Reuters.
BTC/USD
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Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.

In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline.

Spot Bitcoin ETF estimated one-year inflows by month and Bitcoin price impact. Source: Galaxy Digital Research
Spot Bitcoin ETF market sizing and inflow estimates over the first three years. Source: Galaxy Digital Research

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