Anthony Scaramucci Predicts Bitcoin Cash ETF Approval Next Week, Calls It An Opportunity To 'Bury The News'
Portfolio Pulse from Mehab Qureshi
Anthony Scaramucci, founder of SkyBridge Capital, predicts that a Bitcoin Cash (BCH) ETF could be approved by the SEC next week, suggesting the timing could be used to 'bury the news'. Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. Several firms, including BlackRock, Grayscale, Fidelity Investments, WisdomTree Inc., Ark Invest, and 21Shares, have filed for a spot Bitcoin ETF, but none have been approved yet. SkyBridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen significant gains.
December 22, 2023 | 11:39 am
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POSITIVE IMPACT
Anthony Scaramucci predicts a potential SEC approval of a Bitcoin Cash ETF, which could positively impact the price of BCH if the prediction comes true.
The anticipation of an ETF approval could lead to increased investor interest and a potential price increase for Bitcoin Cash in the short term. However, the prediction is not confirmed and is based on Scaramucci's personal speculation.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80