**Uncertainty Looms Despite CUSIP Acquisition** 🏛️: Bloomberg ETF analyst Eric Balchunas highlights the significance of BlackRock's CUSIP acquisition and initial capital raise for a Bitcoin spot ETF, but he cautions against viewing it as a sure sign of SEC approval. He notes differing opinions on the timeline, with some speculating release within a week, while others expect it to take a month or two, with the SEC's deadline set for January 10th next year. 📈📄 #BlackRock #BTCEFT #SEC #cryptocurrency 📆🤞

🔶 Bitcoin Reaches
Astounding Highs
Anticipating a Closer ETF Approval🔶

🔑Key points:
⚡️4 Bitcoin has climbed to more than 17-
month highs, currently trading at $35,182.27.
⚡️The surge is mainly driven by growing anticipation in the U.S. around Bitcoin exchange-traded funds (ETFs) and the Fed's decision on interest rates.
⚡️Other cryptocurrencies like SOL and
ETH have also been influenced by these driving forces.

•The largest decentralized cryptocurrency, Bitcoin, continues to show great strength...
Amid growing confidence that the U.S.
Securities and Exchange Commission will approve multiple pending Bitcoin spot exchange-traded fund (ETF) applications, and anticipation of the Federal Reserve's decision on interest rates, Bitcoin has climbed to more than 17-month highs.

•As per CoinMarketCap, Bitcoin is currently trading at $35,182.27, exhibiting an increase of 2.31% in one day. Over the past 30 days, the cryptocurrency has been riding on a positive track, with a surge of more than 25%. Meanwhile, Bitcoin's yearly chart has BTC up 72% since this time last year.

•In the first half of October, Bitcoin was showing resilience amidst market volatility, hovering around a relatively stable $27,000 level. BTC then surged past $30,000 in reaction toa fake report that the Securities and Exchange Commission's (SEC) had approved of BlackRock's application for a Bitcoin spot ETF. The report soon proved false, after t BlackRock confirmed that no such approval had been made. However, Bitcoin, despite a minimal decline following the revelation, began pacing towards a bullish trend.
•The current bullish trajectory of Bitcoin is mainly driven by speculation on an impending ETF approval and the belief that the Fed regulators will now keep the interest rate stable for a period. Analysts and enthusiasts are closely watching market changes, predicting a Bitcoin ETF
approval.

$BTC #BTCEFT

**US Court Orders SEC Reexamination of GBTC to BTC Spot ETF Conversion** 🏛️: In a final verdict, a US court has ruled that the SEC must reevaluate Grayscale's application to convert GBTC to a Bitcoin spot ETF. This decision comes after the SEC opted not to appeal the Grayscale lawsuit. 📜🤔 #SEC #Grayscale #BTCEFT 🚀📊

**CryptoMom's Caution on BTC ETF** 🇺🇸📉: SEC Commissioner Hester Pierce, known as "CryptoMom," suggests that approval of a BTC spot ETF faces uncertainty in the short term, despite the belief it should have been approved earlier. She cites the recent Grayscale lawsuit ruling as a significant factor but remains cautious about predicting the SEC's stance. 🚫📊 #CryptoMom #BTCEFT #SEC #CryptoRegulation 🤞💼

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#BTCEFT i think many waiting to not approve it now to buy more in the deep lets wait for my self im ready but hope that this not going to be now as many want buy more and be ready for the next bull run what about you 🤔🤔🤔

Are you still fading $MEMEFI?? the next top gem? Its about to pump above 1M mcap, the next Dextools/CMC platform is here 💠 don't miss the real gem again.... Time to print.

Chart:
(https://memedefi.io/ethereum/0xfddbda688514dbcb7fa391ebc7964723da4d3921)

#BTC #BTCEFT #BinanceGems #BitcoinETFs!