Excitement is building that the long-awaited approval of a Bitcoin spot ETF in the US could finally arrive within the next day. Multiple influential crypto accounts are reporting rumours that the SEC is preparing to greenlight a spot Bitcoin ETF within the next 24 hours.
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Mounting Speculation of Imminent Approval
BITCOINLFG® tweeted that the SEC no longer has reasons to deny a Bitcoin spot ETF, claiming collaboration is underway with issuers and acceptance is imminent.
JackTheRippler also tweeted hearing rumors that Bitcoin ETF approval is expected within 24 hours.
That Martini Guy echoed a similar rumor, breaking news of possible Bitcoin ETF approval by the SEC in the next 24 hours.
Impact of a Spot Bitcoin ETF
Approval of a spot Bitcoin ETF would allow mainstream investors to gain exposure to Bitcoin through traditional investment accounts like 401ks and IRAs. This is expected to drive significant new capital into the Bitcoin market and provide legitimacy to the cryptocurrency.
While rumors are swirling, no official confirmation has yet come from the SEC. The crypto community awaits anxiously to see if the long-awaited Bitcoin spot ETF will finally receive approval after years of rejection. If true, the rumor of approval within 24 hours could ignite the next major rally in Bitcoin’s price.
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