SEC’s window for Bitcoin ETF approvals to open today
Bitcoin reached the $36,780 mark as analysts say the SEC has entered a window to approve all the current applications for spot Bitcoin ETFs. Although the crypto market expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024, there’s still a possibility the watchdog might do it even earlier. New Research note from me today . We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals . But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD — James Seyffart (@JSeyff) November 8, 2023 In an X post on Nov. 8, Bloomberg Intelligence Research James Seyffart noted that the SEC has entered a brief eight-day window to approve all 12 spot Bitcoin ETFs, including the one submitted by Grayscale Investments. Bitcoin price | Source: crypto.news Amid the news, Bitcoin price surged by 5%, s...