According to experts at Matrixport, the U.S. Securities and Exchange Commission (SEC) may approve spot Bitcoin ETFs as early as January 2-3, 2024.

However, experts reaffirmed their forecast from October 2023 regarding the expected capitalization of this segment. Analysts claim that with the approval of spot Bitcoin ETFs, we can expect funds inflow ranging from 24 billion to 50 billion dollars.

Nevertheless, experts from Matrixport also highlighted several potential risks, including supply shortage caused by Bitcoin outflows from centralized exchanges.

Analysts also believe that the halving, expected to occur in mid-April 2024, will exacerbate the situation.

According to experts' forecasts, Bitcoin may reach the $125,000 mark. As an illustration, the report presents statistics based on previous "bullish" cycles, where the average price growth rate of the asset was 192%.

It's worth noting that Ark Invest's CEO, Cathie Wood, expressed her opinion about the possible approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) before January 10, 2024. This deadline is the next important milestone for the joint application by Ark Invest and 21Shares.