VanEck, a prominent ETF issuer, anticipates that the U.S. will approve a long-awaited spot bitcoin ETF in early 2024, and it expects the product to attract billions in inflows during the first few months following approval. The firm predicts that more than $2.4 billion will flow into newly approved U.S. spot bitcoin ETFs in the first quarter of 2024, helping to support the price of bitcoin.