Bitcoin ETFs Gain Momentum: SEC Approval Expected, BlackRock and Coinbase Lead the Way
TL;DR Summary
Bitcoin surged 10% to reach 1-1/2 year highs, driving up the prices of crypto-related stocks, as speculation about the possibility of a bitcoin exchange-traded fund (ETF) grew. Reports suggest that the U.S. Securities and Exchange Commission (SEC) won't appeal a ruling that it was wrong to reject an application from Grayscale Investments, fueling anticipation of a spot bitcoin ETF. Several major financial institutions, including BlackRock, VanEck, and Fidelity, have pending bitcoin ETF applications. The market is optimistic that a physical BTC ETF will be approved in the next three months, if not sooner.
- Bitcoin soars to 1-1/2-year high on ETF bets Reuters
- SEC Likely to Approve Spot Bitcoin ETFs 'All At Once' By End of Year: Expert CoinDesk
- BlackRock's spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst Cointelegraph
- Bitcoin Touches $34K as $114 Million in Shorts Liquidated Decrypt
- Coinbase anticipates SEC approval for US Bitcoin spot ETF By Investing.com Investing.com
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