{"id":25491,"date":"2024-01-09T07:50:24","date_gmt":"2024-01-09T07:50:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscales-gbtc-tops-etfs-standard-chartered-bullish-on-btc-meme-moguls-trending-in-btc-etf-buzz\/"},"modified":"2024-01-09T07:50:24","modified_gmt":"2024-01-09T07:50:24","slug":"grayscales-gbtc-tops-etfs-standard-chartered-bullish-on-btc-meme-moguls-trending-in-btc-etf-buzz","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscales-gbtc-tops-etfs-standard-chartered-bullish-on-btc-meme-moguls-trending-in-btc-etf-buzz\/","title":{"rendered":"Grayscale&#8217;s GBTC tops ETFs, Standard Chartered bullish on BTC, Meme Moguls trending in BTC ETF buzz"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/09\/1631187366246-d20900de-5fcb-4a91-a7db-904111307146-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Standard Chartered forecasts $200K Bitcoin by late 2025, banking on ETF approval.<\/li>\n<li>Grayscale\u2019s GBTC outpaces 99% of ETFs, trading close to half a billion dollars.<\/li>\n<li>Meme Moguls, a meme-backed stock market, enters the crypto space with presale buzz.<\/li>\n<\/ul>\n<p>As the crypto world buzzes with anticipation over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Standard Chartered forecasts a staggering $200,000 target for <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> by late 2025, contingent on ETF approval.<\/p>\n<p>Simultaneously, Grayscale\u2019s Bitcoin Trust (GBTC) is making waves, outpacing the majority of ETFs in trading volume. Amidst this, a new player, <a href=\"https:\/\/mememoguls.com\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1921\">Meme Moguls<\/a>, is poised to capitalize on the ETF momentum.<\/p>\n<h2>Standard Chartered\u2019s $200K Bitcoin projection with ETF approval<\/h2>\n<p>Standard Chartered, a banking giant, has made a striking projection for Bitcoin\u2019s future. The multinational firm predicts a potential surge to nearly $200,000 by late 2025, riding on the approval and success of Bitcoin exchange-traded funds (ETFs) in the US. This optimistic forecast, <a href=\"https:\/\/x.com\/TheCryptoLark\/status\/1744521673158909969?s=20\">shared on X by Entrepreneur and Bitcoin investor Lark Davis<\/a>, is underpinned by the belief that spot Bitcoin ETFs could attract significant inflows, ranging from $50-100 billion in 2024.<\/p>\n<p>The bank\u2019s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper base this projection on the assumption that US-listed spot Bitcoin ETFs could hold a substantial amount of Bitcoin by the end of 2024, potentially multiplying its current price by 4.3 times. Kendrick and Cooper draw parallels with the growth trajectory of gold exchange-traded products, envisioning a more rapid ascent for Bitcoin given the expected faster development of the BTC ETF market.<\/p>\n<h2>Grayscale\u2019s GBTC outpaces ETFs in trading volume<\/h2>\n<p>While Standard Chartered makes forward-looking predictions, Grayscale\u2019s Bitcoin Trust (GBTC) has already demonstrated significant prowess.<\/p>\n<p>According to industry expert Eric Balchunas, GBTC traded close to half a billion dollars on January 8, surpassing over 99% of the approximately 3,000 existing ETFs. Balchunas points out that if spot Bitcoin ETFs get approved, Grayscale will enter the market with substantial trading volume, giving it a significant advantage over its competitors.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GBTC<\/a> traded close to half a billion today, which is more than 99% of the 3000 current ETFs, and reminder that they are bringing a (volume) gun to a knife fight if they launch with everyone else. That said, the 1.5% fee will act as a repellent. Another fascinating sub-plot. <a href=\"https:\/\/t.co\/506EG3PR7t\">pic.twitter.com\/506EG3PR7t<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1744476227123994764?ref_src=twsrc%5Etfw\">January 8, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Meme Moguls seizing the opportunities amid the ETF buzz<\/h2>\n<p>In the midst of the ETF buzz, a newcomer is entering the arena \u2013 Meme Moguls. This platform positions itself as the world\u2019s first meme-backed stock market\/exchange. As the crypto community eagerly awaits the potential approval of spot Bitcoin ETFs, Meme Moguls aims to capitalize on the growing interest in the cryptocurrency market.<\/p>\n<p>The Meme Moguls ecosystem is powered by the Meme Moguls Governance Token ($MGLS), featuring diverse meme-inspired assets and engaging community-driven features like a casino, trading platform, fantasy trader, and a metaverse world named Mogul Land.<\/p>\n<p>Meme Moguls is currently in the presale stage of its MGLS token, offering participants an opportunity to get involved in the world of meme trading and potentially become part of a groundbreaking utility-based memecoin. With a $10,000 giveaway at the end of each presale stage and ambitious plans to create 100 millionaires within the first three months of launch, Meme Moguls is setting high expectations.<\/p>\n<p>In the <a href=\"https:\/\/mememoguls.com\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1921\">presale\u2019s current stage<\/a>, participants can access $MGLS for $0.0027, with a total supply of 3 billion tokens. Analysts predict substantial growth for $MGLS, aligning with the overall bullish sentiment in the cryptocurrency market.<\/p>\n<h2>Conclusion<\/h2>\n<p>In this dynamic landscape, where traditional financial institutions make ambitious forecasts, established entities like Grayscale showcase real-time strength, and emerging platforms like Meme Moguls strive to carve their niche, the <a href=\"https:\/\/coinjournal.net\/news\/tag\/cryptocurrency\/\">crypto market<\/a> remains an ever-evolving space.<\/p>\n<p>As the spotlight remains on the potential approval of spot Bitcoin ETFs, these developments mark significant steps in the maturation of the cryptocurrency ecosystem.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/grayscales-gbtc-tops-etfs-standard-chartered-bullish-on-btc-meme-moguls-trending-in-btc-etf-buzz\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Standard Chartered forecasts $200K Bitcoin by late 2025, banking on ETF approval. Grayscale\u2019s GBTC outpaces 99% of ETFs, trading close to half a billion dollars. Meme Moguls, a meme-backed stock market, enters the crypto space with presale buzz. As the crypto world buzzes [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":25492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25491"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25491"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25492"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}