The approval or rejection of Bitcoin spot ETF by the U.S. SEC

Kabir903

"In late November, the world's largest asset management company, BlackRock, and Grayscale, held separate meetings with the U.S. SEC on the proposed rule changes related to the listing and trading of a Bitcoin Trust ETF.

Yujia Ning emphasized that market expectations regarding the approval of a Bitcoin spot ETF by the U.S. Securities and Exchange Commission (SEC) are a key factor driving the price increase.

Zhao Wei stated that industry insiders generally believe the SEC will gradually approve Bitcoin ETF applications next year. Once approved, this will provide more possibilities for the development of Bitcoin and the cryptocurrency market. Investors will be able to conveniently trade Bitcoin like stocks, and this expectation is contributing to a positive market sentiment.

""The expectation itself is enough to stimulate positive sentiment in the market and drive the price increase of Bitcoin,"" said Yujia Ning.

Cryptocurrency observers believe that the recent rise in Bitcoin is mainly related to the expectation of the introduction of a Bitcoin spot ETF. Although the launch of a Bitcoin ETF has been delayed several times in the past, it remains an important topic in the cryptocurrency market.

However, some foreign media reports suggest that if the Bitcoin spot ETF is once again rejected by U.S. regulatory authorities, the recent bullish trend in Bitcoin may come to an end."

Kahn332

This key indicator is indeed crucial.

Jafar224

It's unclear whether it will be approved.

Isha000

It seems to be a very promising indicator.

Janak9955

It's worth keeping an eye on this most important project.