Bitcoin spot exchange-traded fund (ETF) has been in demand for a very long time now. The lack of clarity regarding such investment products led to man
The SEC is set to accept the court’s decision to approve the conversion of Grayscale’s Bitcoin Trust into an ETF, according to Reuters. The precedence set by this development would allow for the myriad of spot BTC ETF applications to be approved as well. According to Bloomberg ETF analyst James Seyffart, the chances of a spot BTC ETF approval now stand at 90% before the January 10, 2024 deadline. y keeping away from them.
Our view hasn't changed much https://t.co/dRAm5IsdQf pic.twitter.com/Htsi3n2XxV — James Seyffart October 13, 2023 Since there are myriad of applications, the market could see a sudden increase in liquidity, which will most likely be the first step in the beginning of the much-awaited bull rally six months before the next BTC halving.
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