Spot #Bitcoin ETF:

According to Reuters, the SEC can transmit spot Bitcoin ETF applications to applicants on either Tuesday or Wednesday.

There has been such a positive flow of data for months suggesting the approval of #ETFs that it has become incredible.

If unexpected news comes from the #SEC on top of this, I would definitely not be surprised. My expectation is that they might not approve it due to the extension of this process.

So far, good news has always come at the peak. In December 2017, Bitcoin started trading on CME for the first time, and it remained as the all-time high. In September 2019, BAKKT started BTC futures trading, and the news was served at its peak.

In November 2021, consecutive futures ETF approvals came, and good news was given at the peak again. I don't think the spot Bitcoin ETF will be accepted due to the strict monetary policy in the U.S.

Even though there might be preparations for this process, acceptance will not be easy, and at most, it might be accepted in a very limited area. Even in that area, there is currently no credible information to trust, except for rumors."

Wishing you abundant and lasting prosperity, Binance Community.

Warm regards to all of you, and by the way, Happy New Year in advance to the entire Binance Crypto Community. 🎅🎄🥳

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