Κ33 research: ETF is Coming in January 2024
Bitcoin Spot ETF is one of the hottest topics in the crypto news section and the confirmation is expected from every expert in the field.
K33 Research, an analysis firm, stated that the approval of the first Bitcoin Spot ETF is expected to happen in January 2024.
The prediction involves 2 factors:
Firstly, the applications towards US SEC from large names like BlackRock has a different approach and weight for making the case easier.
The second factor is the expected cash creation at institutional level, that needs to find a route on the crypto sector.
As we have mentioned a lot of times in previous articles, the ETF approval is a story that everyone expects to become a reality, giving the opportunity for new capital to enter the crypto market.
And then, the price will definitely follow the hype…..
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