#加密ETF申请热潮涌现

It is well known that the Bitcoin spot ETF has been a particular focus in the industry, and once approved, it can be said that a bull market will at least commence. Recently, this ETF has started to heat up again, and currently, there is still a time list for institutions applying for the Bitcoin spot ETF, as we can see in the chart below, which includes BlackRock's IShares that has just stirred the market recently. So what are the chances of approval?

According to analysts from Bloomberg, after Grayscale's victory, the probability of approval for a Bitcoin spot ETF this year is reported to be 75%. By the end of 2024, the likelihood of approval will surge to 95%.

It can be observed that this Bitcoin spot ETF will become the best topic and narrative for speculation in the near future. In the current situation of insufficient market liquidity, the approval of the ETF could indeed mark the beginning of a bull market, bringing in a massive influx of institutional funds. However, the premise is that the market makers need to have enough chips in hand first, so when it will be approved still depends on the market makers' sentiments.