TL;DR
- Awaiting US SEC Decision on Spot Bitcoin ETFs: The SEC is expected to decide on several spot Bitcoin ETF applications from major firms like BlackRock and Fidelity, with deadlines in early 2024.
- BlackRock’s Leading Role: BlackRock, the world’s largest asset manager, is a key contender in the spot BTC ETF race, bolstered by its successful track record with the SEC and partnership with Coinbase.
- Possible Boost to Bitcoin’s Price: Approval of a spot Bitcoin ETF, especially from a firm like BlackRock, is anticipated to significantly elevate Bitcoin’s price, potentially reaching up to $100,000.
How Soon Can We Witness a Spot BTC ETF in the US?
The possible approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has been a highly intriguing topic lately, with some envisioning that launching such a financial instrument could reshape financial innovation and boost the cryptocurrency market.
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