Wu Jihan's Singapore-based crypto financial services firm Matrixport said in a report that if BlackRock's spot $BITCOIN$ ETF is approved by the U.S. Securities and Exchange Commission, the price of bitcoin could rise to between $42,000 and $56,000. Matrixport, through an analysis of 15,000 U.S.-registered investment advisors, estimates that about $12 billion to $24 billion worth of money could $FLOW$ into such ETFs. （The Block）#sui #etf #bnbburn #btc #bnbburn