Bitcoin Approaches $36,780 as SEC Considers Approval of Spot ETFs
If you’ve been following the crypto market, you might have heard that the U.S. Securities and Exchange Commission (SEC) is expected to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024. However, there’s a chance that this approval could come even sooner.
According to Bloomberg Intelligence Research James Seyffart, the SEC has a brief eight-day window to approve all 12 spot Bitcoin ETFs, including one submitted by Grayscale Investments. This development could potentially lead to a surge in NFT sales and overall market activity.
Hot Take: Is the Crypto Market Ready for an Early Spot Bitcoin ETF Approval?
The possibility of an early approval for spot Bitcoin ETFs has sparked excitement and speculation in the crypto market. If approved, this move could lead to a significant uptick in market activity and NFT sales, as investors react to this landmark decision from the SEC.
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