TechCrunch crypto journalist Jacquelyn Melinek disclosed on social media that in his latest Q&A with Valkyrie co-founder and CIO Steven McClurg, he expressed 95% confidence that the SpotBitcoin ETF will be approved this week, in addition to Steven McClurg also said that it expects $10 billion to flow into Bitcoin ETFs by the end of this year, and that crypto futures ETFs may die out in the future, and predicted that the value of Bitcoin will reach $150,000 by the end of 2024, as SpotBitcoin ETFs could create a "supply shock" that could drive up demand.

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