Based on analysis from QCP Capital, sources predict that Bitcoin may experience a drop to $36,000 before a new bullish period.
They have confidence that the Securities and Exchange Commission (SEC) will approve various applications for launching exchange-traded crypto ETFs that invest in BTC in early January.
These ETFs will be available to institutional investors on the US stock market between January 5 and 10, as reported by QCP Capital.
It was recently revealed that the potential issuers of a spot crypto fund ETF have agreed to repay obligations to investors in fiat currency instead of Bitcoin, as originally planned.
QCP Capital believes that the bullish trend will resume after these crypto funds launch, but warns against expecting a quick rebound in BTC. Investment firms and asset managers will need time to assess the risks and potential of this new instrument.
