The Time for Bitcoin ETF is Now ?
This week, it might be the catalyst for the first Bitcoin Spot ETF approval from the US SEC, who remains at a standing point for the decisions that it should make.
The date will be at 17th November when the entire market will expect (with cutting breath) the final decision. Even if the decision will be negative, the momentum that has been evolved in the market brings new dimensions for the future.
Already, BlackRock filed a new application in the US SEC for a new ETF that will track the spot price of Ethereum.
Those changes are expected to bring new capital in the market, that will derive from institutional wallets with different and larger resistances in market risk. Moreover, companies like BlackRock are trying to minimize the risk that take up from such moves.
We wait until Friday……..
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