đ Bitcoin Spot ETFs: Paving the Way for New Highs đ
Approval of Bitcoin Spot ETFs: The U.S. Securities and Exchange Commission (SEC) approved the first batch of spot Bitcoin ETFs on January 10, 2024. This marked a significant milestone, allowing ETFs to hold actual Bitcoin rather than derivatives, which enhances liquidity and credibility in the market .
Price Predictions: Analysts are optimistic about Bitcoin's future, with forecasts suggesting it could reach between $77,000 and $123,000 by the end of 2025 due to the positive sentiment surrounding these ETFs and their potential impact on mainstream adoption .
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