Rapid inflows to the new Bitcoin spot ETFs have dominated since the ETFs were launched on Jan 11, with net inflows exceeding increases in open interest.
Bitcoin could “overshoot” to a high of around US$250,000 ($334,411) in 2025 if exchange-traded fund (ETF) inflows continue apace, says Standard Chartered Bank’s head of FX research, west and digital assets research Geoff Kendrick.
The same is likely to happen if reserve managers announce they have been buying Bitcoin, which Kendrick believes will ultimately settle around US$200,000 by end-2025, forming the new midpoint of a higher trading range.
