Institutional FOMO: The Big Bitcoin ETF Party is Just Getting Started | Coinupup (2024)

The long-awaited Bitcoin ETF party is kicking off. With SEC approval imminent, get ready to ride the institutional FOMO wave into Bitcoin and the broader booming crypto metaverse.

The long-awaited Bitcoin ETF approval party is finally kicking off. After over 9 years of efforts, the SEC is poised to give the green light to not just one, but multiple Bitcoin ETFs within the next day. Grab your party hats and get ready to ride the institutional FOMO wave about to hit crypto!

While Bitcoin has already seen tremendous growth over the past decade, the impact of major institutional inflows has largely been absent. That’s all set to change with the ETF approvals. Here’s what investors need to know:

The Bitcoin Price Party

• Bitcoin price is expected to spike initially as institutions rush to grab the new ETF product. A classic FOMO scenario.
• Longer term, Bitcoin will trade more in line with institutional cycles and money flows. When they are risk-on, expect funds to flow into Bitcoin.
• Analyst estimates suggest up to $100 billion+ could flow into Bitcoin ETFs over the next few years. That’s a staggering amount compared to the $1.2 trillion current crypto market cap.

Ethereum is Next in Line

• With a Bitcoin futures ETF already approved, an Ethereum spot ETF stands a good chance of getting the nod as well.
• While Ethereum price may lag Bitcoin initially, the broader Ethereum ecosystem is where much of the upside will be realized.

Finding Gains in Layer 1 Ecosystems

Investing in layer 1 ecosystems like Solana can be simple:

1. Buy the layer 1 token (e.g. Solana)
2. Buy the top DEX (e.g. Radium)
3. Buy a related memecoin

• Cross-chain DEX Astroport is well positioned to benefit from the growth of multiple Cosmos ecosystems.
• Other layer 1s like ICP, Alephium, offer similar opportunities.

Memecoin Mania

• For memecoin picks, look for coins named after founders’ pets.
• Examples: Solana’s MEO, Avalanche’s Kimchi, Coinbase’s Moi
• Memecoins provide asymmetric upside, but invest prudently.

The Party is Just Getting Started

Institutional FOMO will bring a tidal wave of new capital into Bitcoin and crypto more broadly. While Bitcoin may end up dancing more to the institutional tune, tremendous upside remains for savvy crypto investors playing the long game in the rapidly evolving crypto space.

The Bitcoin ETF party is just getting started. But once the institutions get their fill, the real mega party across the expanding crypto metaverse will follow. Time to grab some chips and join the big Bitcoin blowout!

The Time Is Now !!

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