Bitcoin Exchange Traded Fund done. Now what?

economictimes.indiatimes.com:

Bitcoin (BTC) Exchange Traded Fund (ETF) has sent ripples through the financial world, marking a significant milestone in the mainstream acceptance of cryptocurrencies. This groundbreaking development provides both institutional and retail investors with a regulated and accessible means to invest in Bitcoin, bypassing the complexities of handling the digital currency directly.

The anticipation is palpable, as this shows all signs of ushering in a new wave of capital into the crypto market, possibly elevating Bitcoin's price and its overall market capitalization.

The performance of Bitcoin ETFs has been notably impressive, defying some initial scepticism. Contrary to the belief that these ETFs were underperforming, they have actually attracted significant attention and investment, ranking among the top US ETFs in terms of trading volume and inflows.

Despite a drop in Bitcoin prices following the launch of these ETFs, which led to apprehensions about their success, the overall metrics tell a different story. The ETFs have not only seen high trading volumes but have also experienced substantial inflows, indicating a strong market interest.

This success highlights a growing institutional acceptance of Bitcoin as a viable asset and marks a significant development in the cryptocurrency space, demonstrating the potential of Bitcoin ETFs to reshape the investment landscape.

Now that we have the ETF out of the way, what is going to happen to Bitcoin prices?

Historical trends in Bitcoin's price movements suggest that the cryptocurrency often reaches new all-time highs approximately a year before its cycle peaks. According to top analysts, this pattern indicates that BTC's value could surge beyond current records, potentially