Industry Experts Jump In
Crypto trading expert Alex Kruger takes to Twitter to discuss the upcoming decision by the SEC on Ark Invest’s proposed Bitcoin ETF. He suggests that the market may have already priced in a potential delay.
Kruger’s Perspective
Kruger closely monitors the developments surrounding the SEC’s decision. He believes that regardless of the outcome, it will not significantly impact the price of Bitcoin.
SEC’s Stance
The SEC has previously approved Bitcoin futures ETFs but has been resistant to Bitcoin spot exchange-traded funds. Even after rejecting Grayscale’s Bitcoin fund, the company pursued legal action against the SEC.
Hot Take
Crypto enthusiasts are eagerly waiting for the SEC’s decision on Ark Invest’s proposed Bitcoin ETF. While Alex Kruger suggests that the market may have already factored in a potential delay, the outcome could still have an impact on Bitcoin’s price. The SEC’s stance on Bitcoin ETFs remains cautious, but the industry continues to push for their approval.
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