GBTC and CoinBase stocks may reach $100 USD amid SEC Approves GrayScale BitcoinETFs : US Stock

Recently, the SEC has approved 11 BitcoinETFs including GrayScale, BlackRock, Ark Invest, VanEck, Bitwise, Fidelity, Hashdex, WisdomTree, Invesco Galaxy, Franklin, and Valkyrie to increase global investors into ETFs, Gold, and commodity investment. Most institutional investors are looking to trade Bitcoin and Crypto Assets from 11 Jan 2024. Recently, top investors estimated that there is a potential of about $5 billion in the Grayscale Bitcoin Trust (BTC). And due to all this, now there is a possibility of Bitcoin’s order rising by about $10 billion on the first day of BitcoinETFs.

Why did GBTC stocks reach $100 amid BitconETF approval?

However, GrayScale has also said that there is a possibility of another billion USD coming from Bitcoin now due to GrayScale’s GBTC, Grayscale Ethereum Trust (ETH), Grayscale Filecoin Trust (FIL), Grayscale Future of Finance ETF and Grayscale Horizon Trust (ZEN) investors will also try to encourage further investment in GBTC stock. The market cap of GBTC which is $28.45 Billion can now increase to $100 Billion which will also include long-term investment by top crypto, digital assets, and daily traders. By the way, its top investors and institutions will now increase investment in Bitcoin and crypto like Bitcoin. Due to all this, there will also be a global investment in GBTC (Grayscale Bitcoin Trust), although there is a possibility of BlackRock coming in another billion USD for global investment, GBTC is going to play a big role in the crypto world. Among all these, perhaps Grayscale can also increase the investment from Marathon Digital Holdings (MARA) and Coinbase ($COIN) networks.