Bitcoin trade price surged rapidly, as an insider confirmed a high-level conference between the SEC body & multiple Bitcoin spot ETF applicants.
Bitcoin spot ETFs are centralised financial products which allow people/institutions to invest in Bitcoin via the stock market. At present nearly 12 Bitcoin spot ETF applications are on the table of the United States Securities and Exchange Commission (SEC) to get approval. As per the ETF expert’s point of view, the SEC body may green signal these applications before 10 Jan 2024.
On 22 Dec 2023, FOX Business correspondent Charles Gasparino took to X (formerly Twitter) to share the latest information about Bitcoin spot ETF applications.
Gasparino said that insiders reported that the SEC body was having a conference call with the Bitcoin spot ETF applicants.
According to Gasparino, the SEC body is closely watching a decision looms on whether to give these cos the green light to sell to small investors access to Bitcoin spot ETF products.
The majority of the market players are looking at this news as a bullish factor for Bitcoin, as it is a signal that the SEC body is very near to giving green signal to these applications.
Just a couple of days ago, we reported that BlackRock shared a memo to confirm that the BlackRock & Nasdaq exchange representatives met with the SEC body on the Bitcoin spot ETF application to discuss terms for the list of Bitcoin spot ETF product.
Following this recent development regarding Bitcoin spot ETF applications, the majority of the crypto Investors showed significant Inclination toward Bitcoin investment.
In the last 24 hours, the trade price of Bitcoin surged nearly 1.5%.
The current trade price of Bitcoin is $44,132 & this trade price is 21% higher over the last 30 days of trade price.
Under current market sentiments, the veteran Bitcoin traders predicted that Bitcoin is going to hit a $48k trade price as a stable level soon and after that it will face small corrections.
Read also: Ripple (XRP) secures regulatory approval in Ireland
A joint conference call between SEC & Bitcoin spot ETF applicants, BTC heads $48k
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