Tom Lee, founder of Fundstrat, recently said on CNBC that the price of the cryptocurrency will soar to $185,000 once bitcoin-ETF exchange-traded crypto funds appear on the U.S. market.
There is a 75% chance that such an instrument will be approved by the Securities and Exchange Commission (SEC), according to analysts at Bloomberg.
K33 Research predicts that spot bitcoin ETFs in the U.S. will be able to attract between 70,000 and 100,000 BTC within four months of launch.