Crypto Enthusiasts Eye Bitcoin Spot ETF Approval with Hopeful Speculation of Pikamoon’s 50x Rally
The post Crypto Enthusiasts Eye Bitcoin Spot ETF Approval with Hopeful Speculation of Pikamoon’s 50x Rally appeared on BitcoinEthereumNews.com. This new-found optimism follows the U.S. Securities and Exchange Commission’s (SEC) recent decision not to challenge a court judgment in the Grayscale Bitcoin spot ETF case. Also, a popular institutional financial firm executive predicted that the U.S. SEC could approve a Bitcoin spot ETF (exchange-traded fund) in the coming months. Like many crypto enthusiasts and investors, he expects this approval to bring in $150 billion to $200 billion of capital into Bitcoin investment products and other promising projects like Pikamoon. Here’s why. Will Crypto Enthusiasts Finally Get the Highly Anticipated Bitcoin Spot ETF Approval? The crypto market experienced a massive boost following an unconfirmed report of the approval of a Bitcoin spot ETF. While this was only a rumor, there are signs that approval might be imminent. Judging by the impact on the Bitcoin price and other altcoins, there is evident keen anticipation within the institutional investment and crypto sectors for this feat. For experts, the momentary push this news gave Bitcoin’s price to just under $30k showcased the notable influence a Bitcoin spot ETF approval would have on the market. Crypto enthusiasts and investors also emphasized the potential for improved Bitcoin adoption, a rise in trading volume, and an influx of capital. Meanwhile, there’s also the need for a fair market atmosphere free of manipulation. While some experts believe this approval might not come till early next year, they still agree that it’s only a matter of time. Although there isn’t an approval yet, the SEC’s choice not to contest a court ruling that required a review of its rejection of Grayscale’s bid to transition its Bitcoin trust into an ETF remains a big leap toward the introduction of the first Bitcoin spot ETF in the U.S. ⚡️Welcome to #Dreva⚡️The first official in game shot!
The post Crypto Enthusiasts Eye Bitcoin Spot ETF Approval with Hopeful Speculation of Pikamoon’s 50x Rally appeared on BitcoinEthereumNews.com.
This new-found optimism follows the U.S. Securities and Exchange Commission’s (SEC) recent decision not to challenge a court judgment in the Grayscale Bitcoin spot ETF case. Also, a popular institutional financial firm executive predicted that the U.S. SEC could approve a Bitcoin spot ETF (exchange-traded fund) in the coming months. Like many crypto enthusiasts and investors, he expects this approval to bring in $150 billion to $200 billion of capital into Bitcoin investment products and other promising projects like Pikamoon. Here’s why. Will Crypto Enthusiasts Finally Get the Highly Anticipated Bitcoin Spot ETF Approval? The crypto market experienced a massive boost following an unconfirmed report of the approval of a Bitcoin spot ETF. While this was only a rumor, there are signs that approval might be imminent. Judging by the impact on the Bitcoin price and other altcoins, there is evident keen anticipation within the institutional investment and crypto sectors for this feat. For experts, the momentary push this news gave Bitcoin’s price to just under $30k showcased the notable influence a Bitcoin spot ETF approval would have on the market. Crypto enthusiasts and investors also emphasized the potential for improved Bitcoin adoption, a rise in trading volume, and an influx of capital. Meanwhile, there’s also the need for a fair market atmosphere free of manipulation. While some experts believe this approval might not come till early next year, they still agree that it’s only a matter of time. Although there isn’t an approval yet, the SEC’s choice not to contest a court ruling that required a review of its rejection of Grayscale’s bid to transition its Bitcoin trust into an ETF remains a big leap toward the introduction of the first Bitcoin spot ETF in the U.S. ⚡️Welcome to #Dreva⚡️The first official in game shot!
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