We are talking about dates between January 5 and January 10, 2024. The expert came to this conclusion after studying documents from the US Securities and Exchange Commission (SEC).
The approval deadline for products from Hashdex and Franklin Templeton will end around January 5-8. And the remaining ten spot applications for such exchange-traded funds must be approved before January 10. The SEC may announce a decision on the applications simultaneously starting on January 8, the analyst added.
James Seyffarth and his colleague Eric Balchunas have been predicting for several months that the deadline for US regulators to approve a Bitcoin ETF is January 10th.
The positive sentiment of traders associated with the possible approval of a spot Bitcoin ETF in the United States contributed to the growth of the rate of the first cryptocurrency. According to CoinMarketCap, the price of the first cryptocurrency on Monday afternoon, December 4, is $41,395.
Cryptocurrency project leaders recently announced the start of a new bullish trend and predicted Bitcoin will rise to $100,000 in 2024.
Source: Bits
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