New bitcoin futures ETF could trigger rally to $168,000, analyst asserts
- Date: 19-Oct-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
New bitcoin futures ETF could trigger rally to $168,000, analyst asserts
Bitcoin's price could catch a serious boost from a new ETF, according to analysts at Fundstrat.
Fundstrat's team, which previously published a year-end bitcoin price target of $100,000, now says bitcoin's equilibrium price could spike to as high as $168,000 if the ProShares exchange-traded fund (ETF) that will begin trading on the New York Stock Exchange (NYSE) on Tuesday attracts a serious wave of inflows from investors.