SEC May Approve The First Bitcoin ETF Within 49 Days, Here’s Why

According to crypto analyst Crypto Rover, the long-awaited approval of the first Bitcoin spot ETF in the US could arrive within the next 49 days.

In a recent tweet, Crypto Rover explained why he expects Bitcoin spot ETF approval to be imminent before the end of 2023. The key drivers involve Ark Invest’s Bitcoin ETF application deadline arriving soon, as well as recent legal victories that strengthen the case.

Crypto Rover notes that if the SEC were to reject Ark Invest’s spot ETF application but then approve BlackRock or other large institutions’ versions, it would likely face legal challenges and accusations of unfair preferential treatment.

Additionally, with Grayscale winning a recent lawsuit against the SEC related to a Bitcoin spot ETF, the regulatory odds of approval continue to shift more positively.

Given these dynamics, Crypto Rover expects it is extremely likely at least one Bitcoin spot ETF will be given the green light before Ark Invest’s deadline, if not approved even sooner.

The long-awaited ETF approval would allow mainstream investment funds and retirement accounts access to Bitcoin investments for the first time, representing a potential trillion-dollar inflow tailwind.

Read also:

In summary, Crypto Rover presents a compelling timeline, suggesting the SEC is running out of reasons to keep delaying Bitcoin adoption via a spot ETF. Investors should brace for impact, as this floodgate could open to institutional inflows any day within the next 49 days.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.