https://techcrunch.com/2024/01/09/10b-inflows-spot-bitcoin-etf/

The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade.

Valkyrie co-founder and CIO Steven McClurg expects $10 billion or more to enter spot bitcoin ETFs by the end of the year, with around $2 billion to $3 billion in the first anticipated week of trading. “This doesn’t account for market moves alone,” he said. “This is just new inflows that I expect. Counting market movements, it could be $20 billion total AUM in spot bitcoin ETFs.” Valkyrie is one of 11 applicants for a U.S. spot bitcoin ETF; the other firms are BlackRock, Grayscale and Fidelity, among others.