Senior Crypto Reporter At TechCrunch Jacquelyn Melinek Posts On X, "Heard From Sources Extremely Close To The Matter That The Bitcoin Spot ETF Is Going To Be Approved By The SEC For *Multiple* Firms' Applications" "Expecting Something Tomorrow"
Portfolio Pulse from Benzinga Newsdesk
Jacquelyn Melinek, Senior Crypto Reporter at TechCrunch, has indicated through sources close to the matter that the SEC is expected to approve Bitcoin Spot ETFs for multiple firms. An announcement is anticipated tomorrow.
January 04, 2024 | 8:52 pm
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POSITIVE IMPACT
The potential SEC approval of Bitcoin Spot ETFs could lead to increased legitimacy and investment in Bitcoin, likely driving up its price in the short term.
The approval of Bitcoin Spot ETFs by the SEC would be a significant milestone for cryptocurrency, potentially leading to increased institutional and retail investment. This could drive up demand and the price of Bitcoin in the short term.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100