We Asked ChatGPT if the SEC Will Approve a Spot Bitcoin ETF This Year

Crypto Blog

Fake reports claimed the SEC approved BlackRock’s spot BTC ETF application in the US; however, approval hinges on the regulatory environment, market maturity, and custody solutions.

Still, the question of whether the first spot BTC ETF would go live in the US anytime soon remains a top trending topic in the space. We asked ChatGPT if this development could see the light of day before the end of 2023. Market maturity and custody solutions were also outlined as key factors for the regulator to say “yes” eventually. Proposals that address market manipulation concerns, enhanced investor protection, and favorable public opinion might influence the decision, too.We previously asked ChatGPT whether next year could witness a price rally for the primary cryptocurrency.

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